Morgan Stanley Direct Lending Fund (MSDL) Interest Expenses (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) posted quarterly Interest Expenses of $30.7 million for Q1 2026, down 17.0% year-over-year from $36.9 million in Q1 2025, and down 71.83% quarter-over-quarter 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 reported Interest Expenses for 5 consecutive years, with $30.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Interest Expenses fell 17.0% year-over-year to $30.7 million; the TTM figure through Mar 2026 stood at $208.1 million (up 0.57% YoY), while the FY2025 annual figure was $136.1 million, up 10.74% from the prior year.
- Interest Expenses fell to $30.7 million in Q1 2026 per MSDL's latest filing, from $108.9 million in the prior quarter.
- Across five years, Interest Expenses topped out at $108.9 million in Q4 2025 and bottomed at $10.3 million in Q1 2022.
- Historically, Interest Expenses has averaged $38.0 million across 5 years, with a median of $31.9 million in 2023.
- Annual changes were most pronounced in 2023 — Interest Expenses soared 219.44% — and 2026, when it dropped 17.0%.
- Morgan Stanley Direct Lending Fund's Interest Expenses stood at $24.5 million in 2022, then advanced by 21.41% to $29.7 million in 2023, then surged by 262.28% to $107.5 million in 2024, then gained by 1.22% to $108.9 million in 2025, then tumbled by 71.83% to $30.7 million in 2026.
- Business Quant data shows MSDL's Interest Expenses at $30.7 million in Q1 2026, $108.9 million in Q4 2025, and $33.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 134.00 Mn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 145.02 Mn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 702.75 Mn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 53.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 88.00 Mn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 1.98 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 169.00 Mn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.51 Bn |
| 10 | Morgan Stanley Direct Lending Fund | 1.30 Bn | 1.22 Bn | - | 32.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.02 Mn |
| Jun 30, 2026 | 32.02 Mn |
| 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 | 107.55 Mn |
| Dec 31, 2024 | 107.55 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 |