Morgan Stanley Direct Lending Fund (MSDL) Profit After Tax (2022 - 2026)
Morgan Stanley Direct Lending Fund (MSDL) posted quarterly Profit After Tax of -$4.5 million for Q1 2026, down 115.2% year-over-year from $29.7 million in Q1 2025, and down 115.7% quarter-over-quarter 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 reported Profit After Tax for 5 consecutive years, with -$4.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Profit After Tax fell 115.2% year-over-year to -$4.5 million; the TTM figure through Mar 2026 stood at $87.9 million (down 54.58% YoY), while the FY2025 annual figure was $122.1 million, down 43.36% from the prior year.
- Profit After Tax slipped to -$4.5 million in Q1 2026 per MSDL's latest filing, from $28.7 million in the prior quarter.
- Across five years, Profit After Tax topped out at $73.4 million in Q3 2023 and bottomed at -$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.
- Annual changes were most pronounced in 2023 — Profit After Tax jumped 1829.76% — and 2026, when it tumbled 115.2%.
- Morgan Stanley Direct Lending Fund's Profit After Tax stood at $20.1 million in 2022, then jumped by 185.27% to $57.4 million in 2023, then slipped 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.
- Business Quant data shows MSDL's Profit After Tax at -$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 | BlackRock | 179.54 Bn | 165.67 Bn | - | 2.04 Bn |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | 2.36 Bn |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 1.13 Bn |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | 703.00 Mn |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | 1.17 Bn |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 2.09 Bn |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | 1.08 Bn |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 1.11 Bn |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | 595.00 Mn |
| 10 | Morgan Stanley Direct Lending Fund | 1.30 Bn | 1.22 Bn | - | 38.16 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 7.93 Mn |
| 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 |