Morgan Stanley Direct Lending Fund (MSDL) Revenue (2022 - 2026)

Morgan Stanley Direct Lending Fund (MSDL) has 5 years of Revenue data on file, last reported at $89.1 million in Q1 2026.

• Quarterly Revenue fell 12.22% year-over-year to $89.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $384.9 million (down 8.02% YoY) and the FY2025 annual result came in at $397.3 million, down 4.52% from the prior year.
• Revenue declined to $89.1 million in Q1 2026 per MSDL's latest filing, from $96.6 million in the prior quarter.
• Across five years, Revenue topped out at $109.8 million in Q3 2024 and bottomed at $44.3 million in Q1 2022.
• The 5-year median for Revenue is $96.6 million (2025), against an average of $87.7 million.
• The widest annual swing landed in 2023, when Revenue surged 84.45%; it then slipped 12.22% in 2026.
• Tracing MSDL's Revenue over 5 years: stood at $73.6 million in 2022, then surged by 36.94% to $100.8 million in 2023, then climbed by 2.26% to $103.0 million in 2024, then declined by 6.25% to $96.6 million in 2025, then fell by 7.8% to $89.1 million in 2026.
• Per Business Quant, the three latest MSDL Revenue figures stand at $89.1 million (Q1 2026), $96.6 million (Q4 2025), and $99.7 million (Q3 2025).

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