Morgan Stanley Direct Lending Fund (MSDL) EBIT (2022 - 2026)

Morgan Stanley Direct Lending Fund (MSDL) reported EBIT of $1.5 million for Q1 2026, down 96.89% year-over-year from $46.9 million in Q1 2025, and down 96.69% quarter-over-quarter from $44.0 million in Q4 2025.

Morgan Stanley Direct Lending Fund (MSDL) EBIT (2022 - 2026) Analysis & Trends

Morgan Stanley Direct Lending Fund (MSDL) has 5 years of EBIT data on file, last reported at $1.5 million in Q1 2026.

  • EBIT for Q1 2026 came in at $1.5 million, down 96.89% year-over-year; the trailing twelve-month figure through Mar 2026 was $133.4 million (down 37.77% YoY), and the FY2025 annual result was $178.8 million, down 19.68% from the prior year.
  • EBIT eased to $1.5 million in Q1 2026 per MSDL's latest filing, from $44.0 million in the prior quarter.
  • Over five years, EBIT peaked at $59.2 million in Q3 2024 and troughed at $1.5 million in Q1 2026.
  • A 5-year average of $43.0 million and a median of $44.2 million in 2023 frame the typical range for EBIT.
  • The sharpest annual moves came in 2023 and 2026: EBIT surged 66.79% in 2023, then tumbled 96.89% in 2026.
  • A 5-year view of EBIT shows it stood at $38.6 million in 2022, then jumped by 47.62% to $57.0 million in 2023, then decreased by 9.22% to $51.7 million in 2024, then decreased by 14.96% to $44.0 million in 2025, then slumped by 96.69% to $1.5 million in 2026.
  • Business Quant data shows MSDL's EBIT at $1.5 million in Q1 2026, $44.0 million in Q4 2025, and $44.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBIT (Qtr)
1 BlackRock 160.20 Bn 150.57 Bn - 2.81 Bn
2 Blackstone 96.40 Bn 95.35 Bn - 1.59 Bn
3 Kkr 85.87 Bn 133.39 Bn - 1.99 Bn
4 Apollo Global Management 79.90 Bn 98.63 Bn 5.04 Bn 79.00 Mn
5 State Street 46.62 Bn 20.95 Bn - 2.79 Bn
6 Ameriprise Financial 42.78 Bn 42.65 Bn 4.57 Bn 901.00 Mn
7 Northern Trust 32.35 Bn 32.35 Bn - 2.28 Bn
8 Ares Management 30.25 Bn 33.62 Bn - 363.68 Mn
9 Raymond James Financial 30.24 Bn 18.99 Bn - -
10 Morgan Stanley Direct Lending Fund - - - 1.46 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.46 Mn
Dec 31, 2025 44.00 Mn
Sep 30, 2025 44.13 Mn
Jun 30, 2025 43.86 Mn
Mar 31, 2025 46.86 Mn
Dec 31, 2024 51.73 Mn
Sep 30, 2024 59.23 Mn
Jun 30, 2024 56.62 Mn
Mar 31, 2024 55.09 Mn
Dec 31, 2023 56.99 Mn
Sep 30, 2023 50.57 Mn
Jun 30, 2023 47.80 Mn
Mar 31, 2023 44.22 Mn
Dec 31, 2022 38.61 Mn
Sep 30, 2022 33.81 Mn
Jun 30, 2022 29.41 Mn
Mar 31, 2022 26.51 Mn