Morgan Stanley Direct Lending Fund (MSDL) Tax Rate (2023 - 2025)
Morgan Stanley Direct Lending Fund (MSDL) has disclosed Tax Rate for 3 consecutive years, with 14.88% as the latest value for Q4 2025.
- On a quarterly basis, Tax Rate rose 172.0% to 14.88% in Q4 2025 year-over-year; TTM through Dec 2025 was 6.59%, a 270.0% increase, with the full-year FY2025 number at 6.59%, up 415.0% from a year prior.
- Tax Rate was 14.88% for Q4 2025 at Morgan Stanley Direct Lending Fund, up from 3.93% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 14.88% in Q4 2025 to a low of 1.57% in Q1 2024.
- A 3-year average of 5.53% and a median of 3.93% in 2025 define the central range for Tax Rate.
- Peak YoY movement for Tax Rate: soared 780bps in 2024, then soared 36bps in 2025.
- Morgan Stanley Direct Lending Fund's Tax Rate stood at 5.36% in 2023, then soared by 146bps to 13.16% in 2024, then rose by 13bps to 14.88% in 2025.
- Per Business Quant, the three most recent readings for MSDL's Tax Rate are 14.88% (Q4 2025), 3.93% (Q3 2025), and 2.19% (Q2 2025).