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

Morgan Stanley Direct Lending Fund (MSDL) has reported EBT Margin for 5 consecutive years, with 7.82% the latest figure, recorded in Q2 2026.

• On a quarterly basis, EBT Margin fell 138.0% year-over-year to 7.82% in Q2 2026; TTM through Jun 2026 was 10.29%, a 576.0% decrease from a year earlier, with the FY2025 full-year figure at 10.75%, down 1322.0% from the prior year.
• EBT Margin was 7.82% for Q2 2026 at Morgan Stanley Direct Lending Fund, down from 11.99% in the prior quarter.
• Over five years, EBT Margin peaked at 36.49% in Q1 2022 and troughed at 7.82% in Q2 2026.
• A 5-year average of 20.18% and a median of 21.55% in 2023 frame the typical range for EBT Margin.
• Across the five-year window, EBT Margin jumped 843 bps in 2023 and slumped 1703 bps in 2025, its largest moves.
• Over 5 years, EBT Margin stood at 19.24% in 2022, then surged by 44 bps to 27.67% in 2023, then plunged by 35 bps to 17.98% in 2024, then sank by 39 bps to 11.03% in 2025, then dropped by 29 bps to 7.82% in 2026.
• The last three EBT Margin figures came in at 7.82% (Q2 2026), 11.99% (Q1 2026), and 11.03% (Q4 2025), per Business Quant data.