8-KOther Events

MORGAN STANLEY 8-K Report, Corporate Update (Feb 11, 2026)

Filed February 11, 2026For Securities:MSMS-PKMS-POMS-PQMS-PAMS-PFMS-PIMS-PLMS-PPMS-PEMSTLW

Summary

Morgan Stanley (MS) announced the 2025 compensation for its CEO, Edward Pick, reflecting his performance and the firm's strong financial results during his tenure. The Compensation Committee cited exceptional performance, evidenced by record revenues and net income, alongside the consistent execution of the firm's capital management strategy. Mr. Pick's total compensation for 2025 was set at $45 million, with a significant portion structured as performance-vested equity to align executive interests with shareholder value. These strong 2025 results include record net revenues of $70.6 billion, up 14% year-over-year, and net income of approximately $16.9 billion. Key financial metrics such as pre-tax profit, ROTCE, and Common Equity Tier 1 Capital Ratio all showed robust improvement. Furthermore, the firm demonstrated a commitment to shareholder returns through increased dividends and significant total shareholder returns of 45%, alongside a market capitalization reaching $282 billion.

Key Highlights

  • 1CEO Edward Pick's 2025 total compensation set at $45 million.
  • 275% of Mr. Pick's bonus is deferred over three years and is performance-vested equity, aligning with shareholder interests.
  • 3Morgan Stanley reported record net revenues of $70.6 billion for 2025, a 14% increase year-over-year.
  • 4Net income for 2025 was approximately $16.9 billion, with a record EPS of $10.21.
  • 5Pre-tax profit rose approximately 25% year-over-year to $22.0 billion.
  • 6Full-year ROTCE was 21.6%, and the Common Equity Tier 1 Capital Ratio stood at 15.0% at year-end 2025.
  • 7Total shareholder returns reached 45% in 2025, with market capitalization hitting $282 billion.

Frequently Asked Questions

In 2025, Morgan Stanley achieved record net revenues of $70.6 billion (up 14% year-over-year), net income of approximately $16.9 billion, and a record EPS of $10.21. The firm also reported strong pre-tax profit of $22.0 billion (up 25%), a ROTCE of 21.6%, and maintained a robust Common Equity Tier 1 Capital Ratio of 15.0%. These results demonstrate significant growth and financial strength.

Edward Pick's total compensation for 2025 is $45 million. Notably, 75% of his bonus is deferred over three years and is entirely delivered in the form of performance-vested equity awards. This structure directly links a substantial portion of his compensation to the firm's future performance and, consequently, shareholder value.

Morgan Stanley demonstrated a strong commitment to shareholder returns in 2025. The quarterly dividend was increased by $0.075 for four consecutive years, reaching $1.00, with a total of $6.1 billion in dividends paid. Additionally, the firm delivered total shareholder returns of 45% and saw its market capitalization grow to $282 billion, reflecting positive investor sentiment and performance.

More comprehensive details regarding incentive compensation programs, governance practices, and the material elements of Mr. Pick's and other named executive officers' compensation will be disclosed in Morgan Stanley's proxy statement for the 2026 annual meeting of stockholders, which is expected to be filed with the SEC in April 2026.