Morgan Stanley Direct Lending Fund (MSDL) EBITDA Margin (2022 - 2026)

Morgan Stanley Direct Lending Fund (MSDL) has reported EBITDA Margin for 5 consecutive years, with 43.89% the latest figure, recorded in Q2 2026.

• On a quarterly basis, EBITDA Margin fell 19.0% year-over-year to 43.89% in Q2 2026; TTM through Jun 2026 was 45.02%, a 373.0% decrease from a year earlier, with the FY2025 full-year figure at 45.02%, down 850.0% from the prior year.
• EBITDA Margin was 43.89% for Q2 2026 at Morgan Stanley Direct Lending Fund, down from 46.42% in the prior quarter.
• Over five years, EBITDA Margin peaked at 59.85% in Q1 2022 and troughed at 43.89% in Q2 2026.
• A 5-year average of 51.46% and a median of 53.21% in 2023 frame the typical range for EBITDA Margin.
• Across the five-year window, EBITDA Margin jumped 409 bps in 2023 and plunged 1027 bps in 2025, its largest moves.
• Over 5 years, EBITDA Margin stood at 52.47% in 2022, then rose by 8 bps to 56.56% in 2023, then dropped by 11 bps to 50.21% in 2024, then slipped by 9 bps to 45.55% in 2025, then retreated by 4 bps to 43.89% in 2026.
• The last three EBITDA Margin figures came in at 43.89% (Q2 2026), 46.42% (Q1 2026), and 45.55% (Q4 2025), per Business Quant data.