Morgan Stanley Direct Lending Fund (MSDL) Operating Income (2022 - 2026)

Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Operating Income data on file, last reported at $40.5 million in Q1 2026.

• On a quarterly basis, Operating Income fell 13.54% year-over-year to $40.5 million in Q1 2026; TTM through Mar 2026 was $169.7 million, a 19.77% decrease from a year earlier, with the FY2025 full-year figure at $176.0 million, down 20.07% from the prior year.
• Operating Income for Q1 2026 stood at $40.5 million, down from $41.2 million in the prior quarter.
• Over the last five years, Operating Income for MSDL reached as high as $59.2 million in Q3 2024 and fell as low as $26.5 million in Q1 2022.
• Historically, Operating Income has averaged $44.8 million across 5 years, with a median of $44.2 million in 2023.
• Across the five-year window, Operating Income soared 66.79% in 2023 and declined 25.49% in 2025, its largest moves.
• Year by year, Operating Income stood at $38.3 million in 2022, then surged by 44.94% to $55.5 million in 2023, then fell by 11.13% to $49.3 million in 2024, then fell by 16.46% to $41.2 million in 2025, then slipped by 1.63% to $40.5 million in 2026.
• Per Business Quant data, the three most recent Operating Income figures were $40.5 million in Q1 2026, $41.2 million in Q4 2025, and $44.1 million in Q3 2025.