Morgan Stanley Direct Lending Fund MSDL
NYSE MSDL
$14.76 -0.28 (-1.90%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Morgan Stanley Direct Lending Fund's (MSDL) quarterly Revenue came in at $88.8 million in Q2 2026, down 10.79% year-over-year from $99.5 million in Q2 2025, and little changed quarter-over-quarter from $89.1 million in Q1 2026.

Analysis

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

Morgan Stanley Direct Lending Fund (MSDL) has reported Revenue for 5 consecutive years, with $88.8 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Revenue fell 10.79% year-over-year to $88.8 million in Q2 2026; TTM through Jun 2026 was $374.2 million, a 9.57% decrease from a year earlier, with the FY2025 full-year figure at $397.3 million, down 4.52% from the prior year.
  • Revenue was $88.8 million for Q2 2026 at Morgan Stanley Direct Lending Fund, roughly flat from $89.1 million in the prior quarter.
  • Over five years, Revenue peaked at $109.8 million in Q3 2024 and troughed at $44.3 million in Q1 2022.
  • A 5-year average of $88.3 million and a median of $95.5 million in 2023 frame the typical range for Revenue.
  • Across the five-year window, Revenue jumped 88.78% in 2023 and dropped 12.22% in 2026, its largest moves.
  • Over 5 years, Revenue stood at $73.6 million in 2022, then soared by 36.94% to $100.8 million in 2023, then grew by 2.26% to $103.0 million in 2024, then fell by 6.25% to $96.6 million in 2025, then fell by 8.1% to $88.8 million in 2026.
  • The last three Revenue figures came in at $88.8 million (Q2 2026), $89.1 million (Q1 2026), and $96.6 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Revenue (Qtr)
1 Ares Capital 14.12 Bn 13.73 Bn - 768.00 Mn
2 Blackstone Secured Lending Fund 5.69 Bn 5.42 Bn - 320.47 Mn
3 Blue Owl Capital 5.52 Bn 5.28 Bn - 401.34 Mn
4 Main Street Capital 5.26 Bn 5.20 Bn - 149.57 Mn
5 Blue Owl Technology Finance 5.05 Bn 4.84 Bn - 338.03 Mn
6 Hercules Capital 4.64 Bn 4.59 Bn - 149.11 Mn
7 FS KKR Capital 3.37 Bn 3.27 Bn - 290.00 Mn
8 Golub Capital Bdc 3.34 Bn 3.30 Bn - 187.73 Mn
9 PennantPark Floating Rate Capital 2.48 Bn -129.09 Mn - 66.09 Mn
10 Morgan Stanley Direct Lending Fund 1.25 Bn 1.17 Bn - 88.77 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 88.77 Mn
Mar 31, 2026 89.06 Mn
Dec 31, 2025 96.60 Mn
Sep 30, 2025 99.72 Mn
Jun 30, 2025 99.51 Mn
Mar 31, 2025 101.46 Mn
Dec 31, 2024 103.03 Mn
Sep 30, 2024 109.75 Mn
Jun 30, 2024 104.19 Mn
Mar 31, 2024 99.10 Mn
Dec 31, 2023 100.75 Mn
Sep 30, 2023 94.45 Mn
Jun 30, 2023 88.89 Mn
Mar 31, 2023 83.64 Mn
Dec 31, 2022 73.58 Mn
Sep 30, 2022 62.72 Mn
Jun 30, 2022 49.99 Mn
Mar 31, 2022 44.30 Mn