Nuveen Churchill Direct Lending (NCDL) Interest Expenses (2022 - 2026)

Nuveen Churchill Direct Lending recorded quarterly Interest Expenses of $17.7 million in Q1 2026, down 1.1% quarter-over-quarter from $17.9 million in Q4 2025, and down 14.02% year-over-year from $20.6 million in Q1 2025.

Nuveen Churchill Direct Lending's Interest Expenses history runs 5 years deep, the most recent figure standing at $17.7 million for Q1 2026.

  • In Q1 2026, Interest Expenses fell 14.02% year-over-year to $17.7 million; the TTM figure through Mar 2026 stood at $75.0 million (down 10.26% YoY), while the FY2025 annual figure was $77.9 million, down 2.48% from the prior year.
  • Interest Expenses came in at $17.7 million for Q1 2026 at Nuveen Churchill Direct Lending, down from $17.9 million in the prior quarter.
  • In the past five years, Interest Expenses ranged from a high of $23.2 million in Q3 2024 to a low of $3.0 million in Q1 2022.
  • A 5-year average of $15.4 million and a median of $17.7 million in 2026 frame the typical range for Interest Expenses.
  • Across the five-year window, Interest Expenses soared 321.81% in 2023 and retreated 17.21% in 2025, its largest moves.
  • Nuveen Churchill Direct Lending's Interest Expenses stood at $11.1 million in 2022, then soared by 62.69% to $18.1 million in 2023, then advanced by 16.02% to $21.0 million in 2024, then slipped by 14.62% to $17.9 million in 2025, then decreased by 1.1% to $17.7 million in 2026.
  • According to Business Quant data, Interest Expenses over the past three periods registered $17.7 million, $17.9 million, and $19.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 134.00 Mn
2 Blackstone 92.68 Bn 91.63 Bn - 137.05 Mn
3 Kkr 84.94 Bn 132.45 Bn - 3.60 Mn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 37.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 77.00 Mn
6 State Street 44.42 Bn 18.75 Bn - 1.82 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 142.00 Mn
8 Northern Trust 31.21 Bn 31.21 Bn - 1.58 Bn
9 Ares Management 28.85 Bn 32.22 Bn - 50.76 Mn
10 Nuveen Churchill Direct Lending 661.29 Mn 651.05 Mn - 17.75 Mn

Historic Data

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DateValue
Mar 31, 2026 17.75 Mn
Mar 31, 2026 17.75 Mn
Dec 31, 2025 17.95 Mn
Dec 31, 2025 17.95 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 20.64 Mn
Mar 31, 2025 20.64 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
Sep 30, 2023 16.05 Mn
Sep 30, 2023 16.05 Mn
Jun 30, 2023 14.30 Mn
Jun 30, 2023 14.30 Mn
Mar 31, 2023 12.74 Mn
Mar 31, 2023 12.74 Mn
Dec 31, 2022 11.14 Mn
Dec 31, 2022 11.14 Mn
Sep 30, 2022 7.30 Mn
Sep 30, 2022 7.30 Mn
Jun 30, 2022 4.24 Mn
Jun 30, 2022 4.24 Mn
Mar 31, 2022 3.02 Mn
Mar 31, 2022 3.02 Mn