Morgan Stanley Direct Lending Fund (MSDL) Net Income towards Common Stockholders (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) recorded Net Income towards Common Stockholders of $7.93 million in Q2 2026, down 78.0% from $36.1 million a year earlier.
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Analysis
Morgan Stanley Direct Lending Fund (MSDL) Net Income towards Common Stockholders (2022 - 2026) Analysis & Trends
On a TTM basis, Morgan Stanley Direct Lending Fund's Net Income towards Common Stockholders came in at $59.75 million as of Jun 30, 2026, down 65.0% year-over-year; for FY2025, it was $122.09 million, down 43.4% from FY2024.
- Annual Net Income towards Common Stockholders has a four-year compound annual growth rate of 10.0% (FY2021 to FY2025).
- Across earlier years, Net Income towards Common Stockholders came in at $215.56 million in FY2024 (-6.7%), $231.01 million in FY2023 (+375.9%), $48.54 million in FY2022 (-41.7%) and $83.26 million in FY2021.
- Quarterly Net Income towards Common Stockholders has ranged from -$4.51 million in Q1 2026 to $73.41 million in Q3 2023 over the past five years.
- Peak year-over-year performance for Net Income towards Common Stockholders in the last five years was growth of 677.5% in Q3 2023, against a decline of 78.0% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at -$4.51 million (Q1 2026), $28.73 million (Q4 2025) and $27.6 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.94 Bn | 29.62 Bn | - | 230.00 Mn |
| 2 | Orix | 41.70 Bn | 42.20 Bn | - | 1.76 Bn |
| 3 | Royalty Pharma | 32.87 Bn | 32.78 Bn | - | 17.88 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 25.52 Bn | 25.52 Bn | - | 152.00 Mn |
| 5 | Affirm Holdings | 23.86 Bn | 17.55 Bn | - | 1.62 Bn |
| 6 | Synchrony Financial | 23.33 Bn | -44.64 Bn | - | 864.00 Mn |
| 7 | Royal Gold | 19.87 Bn | 19.09 Bn | 390.45 Mn | 236.39 Mn |
| 8 | Annaly Capital Management | 13.89 Bn | 4.98 Bn | - | 781.64 Mn |
| 9 | Ares Capital | 13.54 Bn | 10.98 Bn | - | 171.00 Mn |
| 10 | Morgan Stanley Direct Lending Fund | 1.14 Bn | 793.57 Mn | - | 7.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.93 Mn |
| Mar 31, 2026 | -4.51 Mn |
| Dec 31, 2025 | 28.73 Mn |
| Sep 30, 2025 | 27.60 Mn |
| Jun 30, 2025 | 36.10 Mn |
| Mar 31, 2025 | 29.67 Mn |
| Dec 31, 2024 | 51.63 Mn |
| Sep 30, 2024 | 53.21 Mn |
| Jun 30, 2024 | 59.05 Mn |
| Mar 31, 2024 | 51.68 Mn |
| Dec 31, 2023 | 57.39 Mn |
| Sep 30, 2023 | 73.41 Mn |
| Jun 30, 2023 | 56.44 Mn |
| Mar 31, 2023 | 43.78 Mn |
| Dec 31, 2022 | 20.12 Mn |
| Sep 30, 2022 | 9.44 Mn |
| Jun 30, 2022 | -3.26 Mn |
| Mar 31, 2022 | 22.25 Mn |
API Access
Morgan Stanley Direct Lending Fund Net Income towards Common Stockholders API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-income-towards-common-stockholders&ticker=MSDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income-towards-common-stockholders", "ticker": "MSDL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-income-towards-common-stockholders&ticker=MSDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();