Nuveen Churchill Direct Lending (NCDL) Other Operating Expenses (2022 - 2026)

Nuveen Churchill Direct Lending (NCDL) reported Other Operating Expenses of $25.8 million for Q1 2026, down 7.9% on a YoY basis from $28.0 million in Q1 2025, and down 5.74% sequentially from $27.4 million in Q4 2025.

Nuveen Churchill Direct Lending (NCDL) Other Operating Expenses (2022 - 2026) Analysis & Trends

Nuveen Churchill Direct Lending (NCDL) has 5 years of Other Operating Expenses data on file, last reported at $25.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Other Operating Expenses fell 7.9% year-over-year to $25.8 million; the trailing twelve-month figure through Mar 2026 stood at $112.2 million (down 6.05% YoY), and the FY2025 full-year result was $114.5 million, down 2.57% from the prior year.
  • Other Operating Expenses declined to $25.8 million in Q1 2026, from $27.4 million in the prior quarter.
  • In the past five years, Other Operating Expenses ranged from a high of $34.1 million in Q3 2024 to a low of $5.0 million in Q1 2022.
  • A 5-year average of $21.8 million and a median of $25.8 million in 2026 frame the typical range for Other Operating Expenses.
  • Across the five-year window, Other Operating Expenses soared 218.71% in 2023 and retreated 14.62% in 2025, its largest moves.
  • Tracing NCDL's Other Operating Expenses over 5 years: stood at $15.0 million in 2022, then soared by 52.96% to $23.0 million in 2023, then surged by 33.3% to $30.6 million in 2024, then fell by 10.46% to $27.4 million in 2025, then slipped by 5.74% to $25.8 million in 2026.
  • Business Quant data shows NCDL's Other Operating Expenses at $25.8 million in Q1 2026, $27.4 million in Q4 2025, and $29.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn
2 BlackRock 161.01 Bn 148.08 Bn -
3 Blackstone 97.77 Bn 96.72 Bn -
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn
5 State Street 51.30 Bn 51.30 Bn -
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn
7 Northern Trust 32.93 Bn 32.93 Bn -
8 Raymond James Financial 32.59 Bn 17.67 Bn -
9 Price T Rowe 24.70 Bn 21.13 Bn -
10 Nuveen Churchill Direct Lending 598.08 Mn 595.34 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 25.83 Mn
Dec 31, 2025 27.40 Mn
Sep 30, 2025 29.15 Mn
Jun 30, 2025 29.87 Mn
Mar 31, 2025 28.05 Mn
Dec 31, 2024 30.60 Mn
Sep 30, 2024 34.14 Mn
Jun 30, 2024 26.69 Mn
Mar 31, 2024 26.04 Mn
Dec 31, 2023 22.96 Mn
Sep 30, 2023 19.97 Mn
Jun 30, 2023 18.18 Mn
Mar 31, 2023 16.04 Mn
Dec 31, 2022 15.01 Mn
Sep 30, 2022 9.90 Mn
Jun 30, 2022 6.52 Mn
Mar 31, 2022 5.03 Mn