Morgan Stanley Direct Lending Fund annual net profit margin
2021
2022
2023
2024
2025
Morgan Stanley Direct Lending Fund Net Profit Margin Growth & History (MSDL)
Morgan Stanley Direct Lending Fund's net profit margin was 30.73% for fiscal 2025.
View full Morgan Stanley Direct Lending Fund company overviewMorgan Stanley Direct Lending Fund annual net profit margin history
| Fiscal year | Period ended | Net profit margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 30.73% | −21.08 pp |
| 2024 | 2024-12-31 | 51.81% | −11.01 pp |
| 2023 | 2023-12-31 | 62.82% | +41.77 pp |
| 2022 | 2022-12-31 | 21.05% | −48.43 pp |
| 2021 | 2021-12-31 | 69.49% | — |
Morgan Stanley Direct Lending Fund quarterly net profit margin
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net profit margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 8.93% | −27.34 pp |
| Q1 2026 | 2026-03-31 | −5.06% | −34.31 pp |
| Q4 2025 | 2025-12-31 | 29.74% | −20.37 pp |
| Q3 2025 | 2025-09-30 | 27.68% | −20.80 pp |
| Q2 2025 | 2025-06-30 | 36.27% | −20.40 pp |
| Q1 2025 | 2025-03-31 | 29.24% | −22.91 pp |
| Q4 2024 | 2024-12-31 | 50.11% | −6.85 pp |
| Q3 2024 | 2024-09-30 | 48.48% | −29.24 pp |
| Q2 2024 | 2024-06-30 | 56.67% | −6.82 pp |
| Q1 2024 | 2024-03-31 | 52.15% | −0.19 pp |
| Q4 2023 | 2023-12-31 | 56.96% | +29.62 pp |
| Q3 2023 | 2023-09-30 | 77.72% | +62.67 pp |
| Q2 2023 | 2023-06-30 | 63.49% | +70.02 pp |
| Q1 2023 | 2023-03-31 | 52.34% | +2.13 pp |
| Q4 2022 | 2022-12-31 | 27.34% | — |
| Q3 2022 | 2022-09-30 | 15.05% | — |
| Q2 2022 | 2022-06-30 | −6.53% | — |
| Q1 2022 | 2022-03-31 | 50.21% | — |
Morgan Stanley Direct Lending Fund net profit margin trends
Between the periods ended 2021-12-31 and 2025-12-31, Morgan Stanley Direct Lending Fund's net profit margin decreased from 69.49% to 30.73%, a change of −38.75 percentage points. The latest reported quarter, Q2 2026, shows 8.93%.
About the metric
What net profit margin means
Net profit margin measures the percentage of revenue remaining as net income after operating costs, interest, taxes, and other expenses. It shows how much bottom-line profit or loss a company generates from each dollar of revenue.
Calculation and source
How net profit margin is calculated
TickerStat calculates net profit margin as SEC-reported net income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Morgan Stanley Direct Lending Fund source filings ↗