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
DateValue
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