Morgan Stanley Direct Lending Fund (MSDL) Tax Provisions (2023 - 2026)

Morgan Stanley Direct Lending Fund's (MSDL) quarterly Tax Provisions came in at $834000.0 in Q1 2026, up 33.01% year-on-year from $627000.0 in Q1 2025, and down 47.38% on a QoQ basis from $1.6 million in Q4 2025.

Morgan Stanley Direct Lending Fund (MSDL) Tax Provisions (2023 - 2026) Analysis & Trends

Morgan Stanley Direct Lending Fund (MSDL) has 4 years of Tax Provisions data on file, last reported at $834000.0 in Q1 2026.

  • On a quarterly basis, Tax Provisions rose 33.01% year-over-year to $834000.0 in Q1 2026; TTM through Mar 2026 was $3.0 million, a 14.95% increase from a year earlier, with the FY2025 full-year figure at $2.8 million, up 15.47% from the prior year.
  • Tax Provisions for Q1 2026 stood at $834000.0, down from $1.6 million in the prior quarter.
  • Over the last five years, Tax Provisions for MSDL reached as high as $1.6 million in Q4 2025 and fell as low as $200000.0 in Q2 2025.
  • Historically, Tax Provisions has averaged $760400.0 across 4 years, with a median of $564000.0 in 2024.
  • On a YoY basis, Tax Provisions climbed as much as 58.5% in 2025 and fell as far as 60.0% in 2025.
  • Year by year, Tax Provisions stood at $1.5 million in 2023, then sank by 34.17% to $1.0 million in 2024, then surged by 58.5% to $1.6 million in 2025, then plunged by 47.38% to $834000.0 in 2026.
  • Per Business Quant data, the three most recent Tax Provisions figures were $834000.0 in Q1 2026, $1.6 million in Q4 2025, and $402000.0 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -398.00 Mn
2 BlackRock 161.01 Bn 148.08 Bn - 516.00 Mn
3 Blackstone 97.77 Bn 96.72 Bn - 197.15 Mn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 1.69 Bn
5 State Street 51.30 Bn 51.30 Bn - 205.00 Mn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 229.00 Mn
7 Northern Trust 32.93 Bn 32.93 Bn - 175.10 Mn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 191.00 Mn
9 Price T Rowe 24.70 Bn 21.13 Bn - 148.10 Mn
10 Morgan Stanley Direct Lending Fund 1.29 Bn 1.19 Bn - 834,000.00

Historic Data

Download Data
DateValue
Mar 31, 2026 834,000.00
Dec 31, 2025 1.59 Mn
Sep 30, 2025 402,000.00
Jun 30, 2025 200,000.00
Mar 31, 2025 627,000.00
Dec 31, 2024 1.00 Mn
Sep 30, 2024 501,000.00
Jun 30, 2024 500,000.00
Mar 31, 2024 436,000.00
Dec 31, 2023 1.52 Mn