Morgan Stanley Direct Lending Fund (MSDL) Profit After Tax (2022 - 2026)
Morgan Stanley Direct Lending Fund's (MSDL) quarterly Profit After Tax came in at -$4.5 million in Q1 2026, down 115.2% year-on-year from $29.7 million in Q1 2025, and down 115.7% on a QoQ basis from $28.7 million in Q4 2025.
Morgan Stanley Direct Lending Fund (MSDL) Profit After Tax (2022 - 2026) Analysis & Trends
Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Profit After Tax data on file, last reported at -$4.5 million in Q1 2026.
- On a quarterly basis, Profit After Tax fell 115.2% year-over-year to -$4.5 million in Q1 2026; TTM through Mar 2026 was $87.9 million, a 54.58% decrease from a year earlier, with the FY2025 full-year figure at $122.1 million, down 43.36% from the prior year.
- Profit After Tax for Q1 2026 stood at -$4.5 million, down from $28.7 million in the prior quarter.
- Over the last five years, Profit After Tax for MSDL reached as high as $73.4 million in Q3 2023 and fell as low as -$4.5 million in Q1 2026.
- Historically, Profit After Tax has averaged $36.0 million across 5 years, with a median of $36.1 million in 2025.
- Across the five-year window, Profit After Tax surged 1829.76% in 2023 and sank 115.2% in 2026, its largest moves.
- Year by year, Profit After Tax stood at $20.1 million in 2022, then soared by 185.27% to $57.4 million in 2023, then declined by 10.03% to $51.6 million in 2024, then sank by 44.36% to $28.7 million in 2025, then plunged by 115.7% to -$4.5 million in 2026.
- Per Business Quant data, the three most recent Profit After Tax figures were -$4.5 million in Q1 2026, $28.7 million in Q4 2025, and $27.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 33.10 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 2.21 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 649.73 Mn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | -1.91 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 764.00 Mn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 915.00 Mn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 525.50 Mn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 542.00 Mn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 498.20 Mn |
| 10 | Morgan Stanley Direct Lending Fund | 1.29 Bn | 1.19 Bn | - | -4.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.51 Mn |
| Dec 31, 2025 | 28.73 Mn |
| Sep 30, 2025 | 27.60 Mn |
| Jun 30, 2025 | 36.10 Mn |
| Mar 31, 2025 | 29.67 Mn |
| Dec 31, 2024 | 51.63 Mn |
| Sep 30, 2024 | 53.21 Mn |
| Jun 30, 2024 | 59.05 Mn |
| Mar 31, 2024 | 51.68 Mn |
| Dec 31, 2023 | 57.39 Mn |
| Sep 30, 2023 | 73.41 Mn |
| Jun 30, 2023 | 56.44 Mn |
| Mar 31, 2023 | 43.78 Mn |
| Dec 31, 2022 | 20.12 Mn |
| Sep 30, 2022 | 9.44 Mn |
| Jun 30, 2022 | -3.26 Mn |
| Mar 31, 2022 | 22.25 Mn |