Summary

TKO's 2025 proxy statement showed WWE president Nick Khan received total compensation of $24.3 million for the fiscal year.

The filing also listed TKO CEO Ari Emanuel at $67.4 million and TKO president and COO Mark Shapiro at $42.6 million. Khan's compensation package included a $2 million base salary, more than $11 million in stock awards, and more than $10 million in bonus pay.

The filing framed Khan's annual bonus around WWE's adjusted EBITDA, while also noting an additional discretionary bonus tied to the launch of TKO's boxing-related businesses.

How Nick Khan's pay was structured

According to the filing, Khan received a $7 million annual bonus and another $3.75 million discretionary bonus. That pushed his total bonus compensation past the $10 million mark for the year.

The proxy statement also noted that the median TKO employee earned $82,428, with wrestlers and fighters not included in that figure.

Quote from TKO's proxy statement

"For fiscal year 2025, Mr. Khan's bonus award value was determined taking into account Adjusted EBITDA for WWE as the primary, but not only, consideration. As a result, Mr. Khan received an annual bonus payment of $7,000,000. In addition to the annual bonus, Mr. Emanuel determined that Mr. Khan should receive an additional discretionary bonus in the amount of $3,750,000 due to the successful launch of our boxing-related businesses."

What this says about Khan's role inside WWE and TKO

Nick Khan's compensation shows how heavily TKO continues to value WWE's business performance, especially when bonus language in the filing points directly to EBITDA and new revenue plays. It is another reminder that Khan remains one of the key executive figures shaping WWE's direction, both behind the scenes and in public, as seen when Nick Khan said WWE must be patient with Bron Breakker.

The boxing-related bonus is also notable because it ties Khan's year to more than WWE's weekly television and premium live event business. That suggests TKO viewed his role as part of a broader expansion effort rather than a WWE-only brief.

Sources

As reported by TKO's proxy statement filed with the SEC.