KeyCorp (KEY)KEYKeyCorp

Financials

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	10.48B	2.06B	2.73B	2.86B	2.83B	2.80B	2.70B	1.87B	1.86B
Cost of Goods Sold	3.72B	809.00M	889.00M	971.00M	1.05B	1.10B	1.09B	1.12B	1.32B
Gross Profit	6.76B	1.25B	1.84B	1.89B	1.78B	1.69B	1.61B	754.00M	547.00M
Gross Profit Margin	64.5%	60.7%	67.4%	66.0%	62.8%	60.5%	59.5%	40.2%	29.3%
Total Operating Expenses	4.87B	1.31B	1.14B	1.24B	1.18B	1.15B	1.09B	1.17B	1.05B
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	3.88B	1.22B	959.00M	812.00M	893.00M	867.00M	712.00M	780.00M	705.00M
Operating Income (EBIT)	1.89B	-59.00M	701.00M	648.00M	602.00M	539.00M	515.00M	-413.00M	-506.00M
Operating Margin	18.1%	-2.9%	25.7%	22.7%	21.2%	19.3%	19.1%	-22.0%	-27.1%
Income Before Tax (EBT)	2.56B	647.00M	658.00M	648.00M	602.00M	539.00M	515.00M	-413.00M	-506.00M
Interest Income	8.27B	2.06B	2.00B	2.08B	2.13B	2.11B	2.07B	2.13B	2.17B
Interest Expense	3.40B	809.00M	783.00M	863.00M	947.00M	966.00M	974.00M	1.08B	1.22B
Other Income/Expense	663.00M	706.00M	-43.00M	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	2.03B	509.00M	522.00M	510.00M	489.00M	425.00M	405.00M	-244.00M	-410.00M
Income Tax Expense	525.00M	139.00M	136.00M	138.00M	112.00M	116.00M	109.00M	-169.00M	-95.00M
Net Profit Margin	19.4%	24.7%	19.1%	17.8%	17.3%	15.2%	15.0%	-13.0%	-22.0%
EBITDA	1.90B	-59.00M	701.00M	651.00M	609.00M	547.00M	518.00M	-408.00M	-487.00M
EBITDA Margin	18.1%	-2.9%	25.7%	22.8%	21.5%	19.6%	19.2%	-21.8%	-26.1%
Depreciation & Amortization	10.00M	0.00	0.00	3.00M	7.00M	8.00M	3.00M	5.00M	19.00M
EPS Basic	1.29	0.00	0.45	0.43	0.41	0.35	0.33	-0.28	-0.47
EPS Diluted	1.28	0.00	0.44	0.43	0.41	0.35	0.33	-0.28	-0.47
Shares Outstanding	1.07B	1.07B	1.08B	1.10B	1.10B	1.10B	1.10B	986.83M	948.98M
Diluted Shares Outstanding	1.07B	1.07B	1.08B	1.10B	1.10B	1.10B	1.11B	986.83M	948.98M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	11.19B	9.05B	10.23B	7.91B	7.33B	7.14B	7.51B	7.13B
Cost of Goods Sold	4.22B	5.00B	4.50B	1.39B	-122.00M	1.67B	1.77B	1.22B
Gross Profit	6.97B	4.06B	5.73B	6.52B	7.46B	5.47B	5.74B	5.91B
Gross Profit Margin	62.3%	44.8%	56.0%	82.5%	101.7%	76.6%	76.4%	82.9%
Total Operating Expenses	4.66B	4.36B	4.57B	4.19B	4.20B	3.91B	3.71B	3.71B
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	3.28B	2.87B	2.77B	2.78B	2.81B	2.57B	2.47B	2.60B
Operating Income (EBIT)	2.30B	-306.00M	1.16B	2.33B	3.25B	1.56B	2.02B	2.20B
Operating Margin	20.6%	-3.4%	11.3%	29.5%	44.4%	21.8%	26.9%	30.9%
Income Before Tax (EBT)	2.30B	-306.00M	1.16B	2.33B	3.25B	1.56B	2.02B	2.20B
Interest Income	8.39B	8.43B	7.93B	5.41B	4.37B	4.68B	5.24B	4.88B
Interest Expense	3.75B	4.66B	4.01B	885.00M	296.00M	651.00M	1.33B	969.00M
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	1.83B	-161.00M	967.00M	1.92B	2.63B	1.34B	1.72B	1.87B
Income Tax Expense	475.00M	-143.00M	196.00M	422.00M	642.00M	227.00M	314.00M	344.00M
Net Profit Margin	16.3%	-1.8%	9.5%	24.2%	35.8%	18.8%	22.9%	26.2%
EBITDA	2.32B	-233.00M	1.31B	2.50B	3.29B	1.67B	2.26B	2.58B
EBITDA Margin	20.8%	-2.6%	12.8%	31.6%	44.8%	23.3%	30.1%	36.3%
Depreciation & Amortization	18.00M	73.00M	154.00M	164.00M	32.00M	111.00M	241.00M	382.00M
EPS Basic	1.53	-0.32	0.89	1.94	2.66	1.28	1.63	1.73
EPS Diluted	1.52	-0.32	0.88	1.93	2.63	1.27	1.62	1.71
Shares Outstanding	1.10B	949.56M	927.22M	924.36M	947.07M	967.78M	992.09M	1.04B
Diluted Shares Outstanding	1.10B	949.56M	932.76M	933.06M	957.41M	974.81M	1.00B	1.05B

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About KeyCorp

KeyCorp functions as the parent entity for KeyBank National Association, delivering a wide array of banking services to retail and business clients across the United States. Its operations are distinctly segmented into a Consumer Bank and a Commercial Bank. Targeting both individual consumers and small to medium-sized businesses, the corporation extends a comprehensive suite of services. These offerings include various deposit accounts, investment solutions, personal financial planning and wellness programs, student loan refinancing, mortgage and home equity products, general lending, credit card services, treasury management, business advisory, wealth and asset management, and trust-related services. Moreover, the company furnishes middle-market clients with a robust selection of sophisticated banking and capital market products. These encompass syndicated lending, debt and equity capital market offerings, commercial payment solutions, equipment financing, commercial real estate mortgage banking, derivatives, foreign exchange services, financial advisory, and public finance. Its commercial mortgage portfolio encompasses loans across diverse sectors, including consumer, energy, healthcare, industrial, public sector, real estate, and technology. Additionally, KeyCorp engages in community development financing, securities underwriting, brokerage, and investment banking services. As of December 31, 2021, its operational reach extended across 15 states, supported by an extensive network of approximately 999 physical branches and 1,317 automated teller machines (ATMs). Beyond its physical footprint, the company offers online and mobile banking capabilities, alongside a dedicated telephone banking call center and other offices. Established in 1849, KeyCorp maintains its corporate headquarters in Cleveland, Ohio.

Cleveland, OH

17,883 employees

www.key.com

Financial Services / Banks - Regional

Sector: Financial Services
Industry: Banks - Regional
CEO: Christopher Marrott Gorman

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