Morgan Stanley Direct Lending Fund (MSDL) Non Operating Interest Expenses (2022 - 2026)
Morgan Stanley Direct Lending Fund's (MSDL) quarterly Non Operating Interest Expenses came in at $32.0 million in Q2 2026, down 7.75% year-over-year from $34.7 million in Q2 2025, and up 4.41% quarter-over-quarter from $30.7 million in Q1 2026.
Analysis
Morgan Stanley Direct Lending Fund (MSDL) Non Operating Interest Expenses (2022 - 2026) Analysis & Trends
Morgan Stanley Direct Lending Fund (MSDL) has reported Non Operating Interest Expenses for 5 consecutive years, with $32.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Non Operating Interest Expenses fell 7.75% year-over-year to $32.0 million in Q2 2026; TTM through Jun 2026 was $129.9 million, a 3.93% decrease from a year earlier, with the FY2025 full-year figure at $136.1 million, up 10.74% from the prior year.
- Non Operating Interest Expenses was $32.0 million for Q2 2026 at Morgan Stanley Direct Lending Fund, up from $30.7 million in the prior quarter.
- Over five years, Non Operating Interest Expenses peaked at $34.7 million in Q2 2025 and troughed at $10.3 million in Q1 2022.
- A 5-year average of $27.9 million and a median of $29.5 million in 2023 frame the typical range for Non Operating Interest Expenses.
- Across the five-year window, Non Operating Interest Expenses soared 157.68% in 2023 and fell 10.28% in 2026, its largest moves.
- Over 5 years, Non Operating Interest Expenses stood at $24.5 million in 2022, then advanced by 19.07% to $29.1 million in 2023, then increased by 14.08% to $33.2 million in 2024, then rose by 0.39% to $33.3 million in 2025, then fell by 3.98% to $32.0 million in 2026.
- The last three Non Operating Interest Expenses figures came in at $32.0 million (Q2 2026), $30.7 million (Q1 2026), and $33.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.73 Bn | - | 214.00 Mn |
| 2 | Blackstone Secured Lending Fund | 5.69 Bn | 5.42 Bn | - | 101.07 Mn |
| 3 | Blue Owl Capital | 5.52 Bn | 5.28 Bn | - | - |
| 4 | Main Street Capital | 5.26 Bn | 5.20 Bn | - | - |
| 5 | Blue Owl Technology Finance | 5.05 Bn | 4.84 Bn | - | 108.79 Mn |
| 6 | Hercules Capital | 4.64 Bn | 4.59 Bn | - | 28.13 Mn |
| 7 | FS KKR Capital | 3.37 Bn | 3.27 Bn | - | 39.60 Mn |
| 8 | Golub Capital Bdc | 3.34 Bn | 3.30 Bn | - | - |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -129.09 Mn | - | 25.03 Mn |
| 10 | Morgan Stanley Direct Lending Fund | 1.25 Bn | 1.17 Bn | - | 32.02 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.02 Mn |
| Mar 31, 2026 | 30.67 Mn |
| Dec 31, 2025 | 33.34 Mn |
| Sep 30, 2025 | 33.90 Mn |
| Jun 30, 2025 | 34.71 Mn |
| Mar 31, 2025 | 34.18 Mn |
| Dec 31, 2024 | 33.21 Mn |
| Sep 30, 2024 | 33.15 Mn |
| Jun 30, 2024 | 29.30 Mn |
| Mar 31, 2024 | 27.26 Mn |
| Dec 31, 2023 | 29.11 Mn |
| Sep 30, 2023 | 29.69 Mn |
| Jun 30, 2023 | 27.91 Mn |
| Mar 31, 2023 | 26.67 Mn |
| Dec 31, 2022 | 24.45 Mn |
| Sep 30, 2022 | 18.60 Mn |
| Jun 30, 2022 | 13.78 Mn |
| Mar 31, 2022 | 10.35 Mn |