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

Morgan Stanley Direct Lending Fund (MSDL) has 5 years of EBT Margin data on file, last reported at 11.05% in Q1 2026.

• On a quarterly basis, EBT Margin rose 129.0% year-over-year to 11.05% in Q1 2026; TTM through Mar 2026 was 9.99%, a 2816.0% decrease from a year earlier, with the FY2025 full-year figure at 10.04%, down 1335.0% from the prior year.
• EBT Margin for Q1 2026 stood at 11.05%, up from 70.06% in the prior quarter.
• Over the last five years, EBT Margin for MSDL reached as high as 51.14% in Q4 2023 and fell as low as 70.06% in Q4 2025.
• Historically, EBT Margin has averaged 17.74% across 5 years, with a median of 22.96% in 2023.
• Across the five-year window, EBT Margin jumped 561 bps in 2024 and sank 8291 bps in 2025, its largest moves.
• Year by year, EBT Margin stood at 45.6% in 2022, then rose by 12 bps to 51.14% in 2023, then slumped by 75 bps to 12.85% in 2024, then slumped by 645 bps to 70.06% in 2025, then jumped by 116 bps to 11.05% in 2026.
• Per Business Quant data, the three most recent EBT Margin figures were 11.05% in Q1 2026, 70.06% in Q4 2025, and 10.26% in Q3 2025.