Morgan Stanley Direct Lending Fund (MSDL) Other Operating Expenses (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) reported Other Operating Expenses of $47.6 million for Q1 2026, down 14.21% year-over-year from $55.4 million in Q1 2025, and down 11.28% on a QoQ basis from $53.6 million in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) has 4 years of Other Operating Expenses data on file, last reported at $47.6 million in Q1 2026.
- Quarterly Other Operating Expenses fell 14.21% year-over-year to $47.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $212.2 million (down 1.97% YoY) and the FY2025 annual result came in at $219.1 million, changed N/A from the prior year.
- Other Operating Expenses declined to $47.6 million in Q1 2026 per MSDL's latest filing, from $53.6 million in the prior quarter.
- Across five years, Other Operating Expenses topped out at $55.6 million in Q3 2025 and bottomed at -$39000.0 in Q1 2022.
- The 4-year median for Other Operating Expenses is $53.6 million (2025), against an average of $43.0 million.
- The widest annual swing landed in 2025, when Other Operating Expenses increased 26.26%; it then slipped 14.21% in 2026.
- Tracing MSDL's Other Operating Expenses over 4 years: stood at -$5000.0 in 2022, then jumped by 1107680.0% to $55.4 million in 2024, then fell by 3.2% to $53.6 million in 2025, then slipped by 11.28% to $47.6 million in 2026.
- Per Business Quant, the three latest MSDL Other Operating Expenses figures stand at $47.6 million (Q1 2026), $53.6 million (Q4 2025), and $55.6 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - |
| 10 | Morgan Stanley Direct Lending Fund | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 47.56 Mn |
| Dec 31, 2025 | 53.61 Mn |
| Sep 30, 2025 | 55.55 Mn |
| Jun 30, 2025 | 55.52 Mn |
| Mar 31, 2025 | 55.44 Mn |
| Dec 31, 2024 | 55.38 Mn |
| Sep 30, 2024 | 54.36 Mn |
| Jun 30, 2024 | 51.33 Mn |
| Mar 31, 2024 | 43.91 Mn |
| Dec 31, 2022 | -5,000.00 |
| Mar 31, 2022 | -39,000.00 |