Morgan Stanley Direct Lending Fund (MSDL) Interest Expenses (2022 - 2026)
Morgan Stanley Direct Lending Fund's (MSDL) quarterly Interest Expenses came in at $30.7 million in Q1 2026, down 17.0% year-on-year from $36.9 million in Q1 2025, and down 71.83% on a QoQ basis from $108.9 million in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) Interest Expenses (2022 - 2026) Analysis & Trends
Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Interest Expenses data on file, last reported at $30.7 million in Q1 2026.
- On a quarterly basis, Interest Expenses fell 17.0% year-over-year to $30.7 million in Q1 2026; TTM through Mar 2026 was $208.1 million, a 53.65% increase from a year earlier, with the FY2025 full-year figure at $136.1 million, up 10.74% from the prior year.
- Interest Expenses for Q1 2026 stood at $30.7 million, down from $108.9 million in the prior quarter.
- Over the last five years, Interest Expenses for MSDL reached as high as $108.9 million in Q4 2025 and fell as low as $5.8 million in Q4 2022.
- Historically, Interest Expenses has averaged $32.4 million across 5 years, with a median of $31.9 million in 2023.
- Across the five-year window, Interest Expenses jumped 219.44% in 2023 and decreased 17.0% in 2026, its largest moves.
- Year by year, Interest Expenses stood at $5.8 million in 2022, then surged by 408.84% to $29.7 million in 2023, then climbed by 21.47% to $36.1 million in 2024, then jumped by 201.89% to $108.9 million in 2025, then tumbled by 71.83% to $30.7 million in 2026.
- Per Business Quant data, the three most recent Interest Expenses figures were $30.7 million in Q1 2026, $108.9 million in Q4 2025, and $33.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | - |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 134.00 Mn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 137.05 Mn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 3.25 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 1.78 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 142.00 Mn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.58 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 483.00 Mn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | - |
| 10 | Morgan Stanley Direct Lending Fund | 1.29 Bn | 1.19 Bn | - | 30.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 30.67 Mn |
| Mar 31, 2026 | 30.67 Mn |
| Dec 31, 2025 | 108.86 Mn |
| Dec 31, 2025 | 108.86 Mn |
| Sep 30, 2025 | 33.90 Mn |
| Sep 30, 2025 | 33.90 Mn |
| Jun 30, 2025 | 34.71 Mn |
| Jun 30, 2025 | 34.71 Mn |
| Mar 31, 2025 | 36.95 Mn |
| Mar 31, 2025 | 36.95 Mn |
| Dec 31, 2024 | 36.06 Mn |
| Dec 31, 2024 | 36.06 Mn |
| Sep 30, 2024 | 33.15 Mn |
| Sep 30, 2024 | 33.15 Mn |
| Jun 30, 2024 | 29.30 Mn |
| Jun 30, 2024 | 29.30 Mn |
| Mar 31, 2024 | 35.56 Mn |
| Mar 31, 2024 | 35.56 Mn |
| Sep 30, 2023 | 29.69 Mn |
| Sep 30, 2023 | 29.69 Mn |