Morgan Stanley Direct Lending Fund (MSDL) Other Operating Expenses (2022 - 2026)
Morgan Stanley Direct Lending Fund's (MSDL) quarterly Other Operating Expenses came in at $47.6 million in Q1 2026, down 12.61% year-on-year from $54.4 million in Q1 2025, and down 9.57% on a QoQ basis from $52.6 million in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) Other Operating Expenses (2022 - 2026) Analysis & Trends
Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Other Operating Expenses data on file, last reported at $47.6 million in Q1 2026.
- On a quarterly basis, Other Operating Expenses fell 12.61% year-over-year to $47.6 million in Q1 2026; TTM through Mar 2026 was $211.2 million, a 1.69% increase from a year earlier, with the FY2025 full-year figure at $218.1 million, up 4.21% from the prior year.
- Other Operating Expenses for Q1 2026 stood at $47.6 million, down from $52.6 million in the prior quarter.
- Over the last five years, Other Operating Expenses for MSDL reached as high as $55.6 million in Q3 2025 and fell as low as $17.4 million in Q1 2022.
- Historically, Other Operating Expenses has averaged $42.8 million across 5 years, with a median of $44.7 million in 2023.
- Across the five-year window, Other Operating Expenses surged 157.35% in 2023 and fell 12.61% in 2026, its largest moves.
- Year by year, Other Operating Expenses stood at $20.6 million in 2022, then soared by 111.31% to $43.6 million in 2023, then gained by 26.97% to $55.4 million in 2024, then decreased by 5.04% to $52.6 million in 2025, then fell by 9.57% to $47.6 million in 2026.
- Per Business Quant data, the three most recent Other Operating Expenses figures were $47.6 million in Q1 2026, $52.6 million in Q4 2025, and $55.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - |
| 10 | Morgan Stanley Direct Lending Fund | 1.29 Bn | 1.19 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 47.56 Mn |
| Dec 31, 2025 | 52.59 Mn |
| Sep 30, 2025 | 55.55 Mn |
| Jun 30, 2025 | 55.52 Mn |
| Mar 31, 2025 | 54.42 Mn |
| Dec 31, 2024 | 55.38 Mn |
| Sep 30, 2024 | 50.40 Mn |
| Jun 30, 2024 | 47.52 Mn |
| Mar 31, 2024 | 43.91 Mn |
| Dec 31, 2023 | 43.62 Mn |
| Sep 30, 2023 | 43.76 Mn |
| Jun 30, 2023 | 40.90 Mn |
| Mar 31, 2023 | 44.73 Mn |
| Dec 31, 2022 | 20.64 Mn |
| Sep 30, 2022 | 33.70 Mn |
| Jun 30, 2022 | 20.52 Mn |
| Mar 31, 2022 | 17.38 Mn |