Growth Metrics

Morgan Stanley Direct Lending Fund (MSDL) Profit After Tax (2022 - 2026)

Morgan Stanley Direct Lending Fund (MSDL) reported Profit After Tax of $40.5 million for Q1 2026, up 36.54% year-over-year from $29.7 million in Q1 2025, and down 50.99% on a QoQ basis from $82.7 million in Q4 2025.

Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Profit After Tax data on file, last reported at $40.5 million in Q1 2026.

  • Quarterly Profit After Tax rose 36.54% year-over-year to $40.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $210.6 million (up 8.79% YoY) and the FY2025 annual result came in at $176.0 million, down 18.34% from the prior year.
  • Profit After Tax fell to $40.5 million in Q1 2026 per MSDL's latest filing, from $82.7 million in the prior quarter.
  • Across five years, Profit After Tax topped out at $82.7 million in Q4 2025 and bottomed at -$3.3 million in Q2 2022.
  • The 5-year median for Profit After Tax is $43.7 million (2025), against an average of $40.2 million.
  • The widest annual swing landed in 2023, when Profit After Tax surged 1829.76%; it then sank 45.71% in 2025.
  • Tracing MSDL's Profit After Tax over 5 years: stood at $20.1 million in 2022, then advanced by 21.46% to $24.4 million in 2023, then soared by 111.3% to $51.6 million in 2024, then jumped by 60.1% to $82.7 million in 2025, then tumbled by 50.99% to $40.5 million in 2026.
  • Per Business Quant, the three latest MSDL Profit After Tax figures stand at $40.5 million (Q1 2026), $82.7 million (Q4 2025), and $43.7 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) PAT (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 2.33 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 1.26 Bn
3 Kkr 84.94 Bn 132.45 Bn - 405.23 Mn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 586.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn -1.91 Bn
6 State Street 44.42 Bn 18.75 Bn - 764.00 Mn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 915.00 Mn
8 Northern Trust 31.21 Bn 31.21 Bn - 525.50 Mn
9 Ares Management 28.85 Bn 32.22 Bn - 142.59 Mn
10 Morgan Stanley Direct Lending Fund - - - 40.51 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 40.51 Mn
Dec 31, 2025 82.66 Mn
Sep 30, 2025 43.73 Mn
Jun 30, 2025 43.66 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 54.65 Mn
Dec 31, 2023 24.43 Mn
Sep 30, 2023 50.57 Mn
Jun 30, 2023 56.44 Mn
Mar 31, 2023 44.22 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