Growth Metrics

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.

  • Quarterly Tax Rate rose 948.0% to 14.88% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 6.59% through Dec 2025, up 415.0% year-over-year, with the annual reading at 6.59% for FY2025, 415.0% up from the prior year.
  • Tax Rate for Q4 2025 was 14.88% at Morgan Stanley Direct Lending Fund, up from 3.93% in the prior quarter.
  • The five-year high for Tax Rate was 14.88% in Q4 2025, with the low at 1.57% in Q1 2024.
  • Average Tax Rate over 3 years is 4.68%, with a median of 3.93% recorded in 2025.
  • The sharpest move saw Tax Rate fell -5bps in 2024, then skyrocketed 948bps in 2025.
  • Over 3 years, Tax Rate stood at 5.45% in 2023, then fell by -1bps to 5.4% in 2024, then soared by 176bps to 14.88% in 2025.
  • According to Business Quant data, Tax Rate over the past three periods came in at 14.88%, 3.93%, and 2.19% for Q4 2025, Q3 2025, and Q2 2025 respectively.