Nuveen Churchill Direct Lending (NCDL) Interest Expenses (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) reported Interest Expenses of $23.3 million for Q1 2026, up 9.77% on a YoY basis from $21.2 million in Q1 2025, and up 77.85% sequentially from $13.1 million in Q4 2025.
Nuveen Churchill Direct Lending (NCDL) Interest Expenses (2022 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending (NCDL) has 5 years of Interest Expenses data on file, last reported at $23.3 million in Q1 2026.
- For the quarter ending Q1 2026, Interest Expenses rose 9.77% year-over-year to $23.3 million; the trailing twelve-month figure through Mar 2026 stood at $75.7 million (down 10.03% YoY), and the FY2025 full-year result was $77.9 million, down 2.48% from the prior year.
- Interest Expenses advanced to $23.3 million in Q1 2026, from $13.1 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $23.3 million in Q1 2026 to a low of $3.0 million in Q1 2022.
- A 5-year average of $15.4 million and a median of $16.9 million in 2024 frame the typical range for Interest Expenses.
- Across the five-year window, Interest Expenses surged 321.81% in 2023 and slumped 37.64% in 2025, its largest moves.
- Tracing NCDL's Interest Expenses over 5 years: stood at $8.9 million in 2022, then surged by 104.37% to $18.1 million in 2023, then rose by 16.02% to $21.0 million in 2024, then plunged by 37.64% to $13.1 million in 2025, then jumped by 77.85% to $23.3 million in 2026.
- Business Quant data shows NCDL's Interest Expenses at $23.3 million in Q1 2026, $13.1 million in Q4 2025, and $19.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | - |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 134.00 Mn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 137.05 Mn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 3.25 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 1.78 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 142.00 Mn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.58 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 483.00 Mn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | - |
| 10 | Nuveen Churchill Direct Lending | 598.08 Mn | 595.34 Mn | - | 23.31 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.31 Mn |
| Mar 31, 2026 | 23.31 Mn |
| Dec 31, 2025 | 13.11 Mn |
| Dec 31, 2025 | 13.11 Mn |
| Sep 30, 2025 | 19.21 Mn |
| Sep 30, 2025 | 19.21 Mn |
| Jun 30, 2025 | 20.11 Mn |
| Jun 30, 2025 | 20.11 Mn |
| Mar 31, 2025 | 21.24 Mn |
| Mar 31, 2025 | 21.24 Mn |
| Dec 31, 2024 | 21.02 Mn |
| Dec 31, 2024 | 21.02 Mn |
| Sep 30, 2024 | 23.20 Mn |
| Sep 30, 2024 | 23.20 Mn |
| Jun 30, 2024 | 18.72 Mn |
| Jun 30, 2024 | 18.72 Mn |
| Mar 31, 2024 | 16.94 Mn |
| Mar 31, 2024 | 16.94 Mn |
| Dec 31, 2023 | 18.12 Mn |
| Dec 31, 2023 | 18.12 Mn |