Morgan Stanley Direct Lending Fund (MSDL) Net Income (2022 - 2026)
Morgan Stanley Direct Lending Fund's (MSDL) quarterly Net Income came in at $9.0 million in Q1 2026, down 2.92% year-on-year from $9.3 million in Q1 2025, and up 113.01% on a QoQ basis from -$69.3 million in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) Net Income (2022 - 2026) Analysis & Trends
Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Net Income data on file, last reported at $9.0 million in Q1 2026.
- On a quarterly basis, Net Income fell 2.92% year-over-year to $9.0 million in Q1 2026; TTM through Mar 2026 was -$41.5 million, a 156.49% decrease from a year earlier, with the FY2025 full-year figure at $37.1 million, down 60.91% from the prior year.
- Net Income for Q1 2026 stood at $9.0 million, up from -$69.3 million in the prior quarter.
- Over the last five years, Net Income for MSDL reached as high as $54.0 million in Q4 2023 and fell as low as -$69.3 million in Q4 2025.
- Historically, Net Income has averaged $13.9 million across 5 years, with a median of $15.6 million in 2022.
- Across the five-year window, Net Income jumped 67.13% in 2024 and tumbled 665.96% in 2025, its largest moves.
- Year by year, Net Income stood at $32.4 million in 2022, then surged by 66.32% to $54.0 million in 2023, then sank by 77.32% to $12.2 million in 2024, then tumbled by 665.96% to -$69.3 million in 2025, then surged by 113.01% to $9.0 million in 2026.
- Per Business Quant data, the three most recent Net Income figures were $9.0 million in Q1 2026, -$69.3 million in Q4 2025, and $9.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 33.10 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 2.33 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 1.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | -1.41 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 764.00 Mn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 915.00 Mn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 525.50 Mn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 544.00 Mn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 484.10 Mn |
| 10 | Morgan Stanley Direct Lending Fund | 1.29 Bn | 1.19 Bn | - | 9.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.01 Mn |
| Dec 31, 2025 | -69.26 Mn |
| Sep 30, 2025 | 9.83 Mn |
| Jun 30, 2025 | 8.95 Mn |
| Mar 31, 2025 | 9.28 Mn |
| Dec 31, 2024 | 12.24 Mn |
| Sep 30, 2024 | 25.58 Mn |
| Jun 30, 2024 | 26.32 Mn |
| Mar 31, 2024 | 18.66 Mn |
| Dec 31, 2023 | 53.95 Mn |
| Sep 30, 2023 | 20.89 Mn |
| Jun 30, 2023 | 19.89 Mn |
| Mar 31, 2023 | 11.16 Mn |
| Dec 31, 2022 | 32.44 Mn |
| Sep 30, 2022 | 15.21 Mn |
| Jun 30, 2022 | 15.63 Mn |
| Mar 31, 2022 | 16.17 Mn |