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% quarter-over-quarter from $53.6 million in Q4 2025.

Morgan Stanley Direct Lending Fund (MSDL) Other Operating Expenses (2022 - 2026) Analysis & Trends

Morgan Stanley Direct Lending Fund (MSDL) has 4 years of Other Operating Expenses data on file, last reported at $47.6 million in Q1 2026.

  • Other Operating Expenses for Q1 2026 came in at $47.6 million, down 14.21% year-over-year; the trailing twelve-month figure through Mar 2026 was $212.2 million (down 1.97% YoY), and the FY2025 annual result was $219.1 million, changed N/A from the prior year.
  • Other Operating Expenses eased to $47.6 million in Q1 2026 per MSDL's latest filing, from $53.6 million in the prior quarter.
  • Over five years, Other Operating Expenses peaked at $55.6 million in Q3 2025 and troughed at -$39000.0 in Q1 2022.
  • A 4-year average of $43.0 million and a median of $53.6 million in 2025 frame the typical range for Other Operating Expenses.
  • The sharpest annual moves came in 2025 and 2026: Other Operating Expenses gained 26.26% in 2025, then declined 14.21% in 2026.
  • A 4-year view of Other Operating Expenses shows it stood at -$5000.0 in 2022, then soared by 1107680.0% to $55.4 million in 2024, then decreased by 3.2% to $53.6 million in 2025, then declined by 11.28% to $47.6 million in 2026.
  • Business Quant data shows MSDL's Other Operating Expenses at $47.6 million in Q1 2026, $53.6 million in Q4 2025, and $55.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 BlackRock 154.03 Bn 144.41 Bn -
2 Blackstone 89.67 Bn 88.62 Bn -
3 Kkr 82.99 Bn 130.50 Bn -
4 Apollo Global Management 75.96 Bn 94.69 Bn 5.04 Bn
5 State Street 45.12 Bn 19.44 Bn -
6 Ameriprise Financial 41.87 Bn 41.74 Bn 4.57 Bn
7 Northern Trust 31.37 Bn 31.37 Bn -
8 Raymond James Financial 29.45 Bn 18.21 Bn -
9 Ares Management 28.36 Bn 31.73 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