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
Download Data| Date | Value |
|---|---|
| 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 |