Growth Metrics

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 🔒
DateValue
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