KeyCorp (KEY) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$0.42	$0.44	+4.8%	—	—	—
Q2 26	$0.41	$0.44	+7.3%	—	—	—
Q1 26	$0.34	$0.35	+2.9%	—	—	—
Q4 25	$0.32	$0.33	+3.1%	—	—	—
Q3 25	$0.33	$0.38	+15.2%	—	—	—
Q2 25	$0.22	-$0.47	-313.6%	—	—	—
Q1 25	$0.24	$0.25	+4.2%	—	—	—
Q4 24	$0.23	$0.2	-13.0%	—	—	—
Q3 24	$0.23	$0.03	-87.0%	—	—	—
Q2 24	$0.27	$0.29	+7.4%	—	—	—
Q1 24	$0.32	$0.27	-15.6%	—	—	—
Q4 23	$0.43	$0.3	-30.2%	—	—	—
Q3 23	$0.55	$0.38	-30.9%	—	—	—
Q2 23	$0.59	$0.55	-6.8%	—	—	—
Q1 23	$0.52	$0.54	+3.8%	—	—	—
Q4 22	$0.49	$0.45	-8.2%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.53	—	—	$7.3B	—
FY24	—	-$0.32	—	—	$4.4B	—
FY23	—	$0.88	—	—	$6.2B	—
FY22	—	$1.94	—	—	$7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$4.8B	$6.1B	$6.2B	$6.2B	$6.5B	$7B	$7B	$6.2B	$4.4B	$7.3B
YoY change	+16.9%	+27.5%	+1.55%	+0.37%	+5.02%	+8.44%	-0.17%	-11.5%	-29.3%	+65.8%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	4.8B	6.1B	6.2B	6.2B	6.5B	7B	7B	6.2B	4.4B	7.3B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.2B	2.6B	2.6B	2.5B	2.6B	2.8B	2.8B	2.8B	2.9B	—
Operating expenses	2.2B	2.6B	2.6B	2.5B	2.6B	2.8B	2.8B	2.8B	2.9B	—
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	968M	1.9B	2.2B	2B	1.6B	3.3B	2.3B	1.2B	-306M	2.3B
Income tax	179M	637M	344M	314M	227M	642M	422M	196M	-143M	476M
Net income	790M	1.3B	1.9B	1.7B	1.3B	2.6B	1.9B	967M	-161M	1.8B
Net margin	16.6%	21.4%	30.3%	27.8%	20.7%	37.3%	27.3%	15.6%	-3.66%	25.1%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	0.81	1.14	1.73	1.63	1.28	2.65	1.94	0.88	-0.32	1.53
Diluted EPS	0.8	1.13	1.71	1.62	1.27	2.63	1.93	0.88	-0.32	1.52

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.5B	1.5B	1.5B	1.5B	642M	793M	1.7B	1.8B	1.8B	1.9B	1.9B	1.9B
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	709M	642M	710M	674M	705M	780M	712M	739M	773M	805M	763M	811M
Operating expenses	709M	642M	710M	674M	705M	780M	712M	739M	773M	805M	763M	811M
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	367M	57M	278M	335M	-506M	-413M	515M	539M	602M	648M	658M	647M
Income tax	65M	-8M	59M	62M	-95M	-169M	109M	116M	112M	139M	136M	139M
Net income	303M	65M	219M	274M	-410M	-244M	405M	425M	489M	510M	522M	509M
Net margin	19.9%	4.37%	14.8%	18.6%	-63.9%	-30.8%	23.5%	23.8%	26.5%	26.3%	27.3%	26.6%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	0.29	0.03	0.2	0.25	-0.47	-0.28	0.34	0.35	0.41	0.43	0.45	0.44
Diluted EPS	0.29	0.03	0.2	0.25	-0.47	-0.28	0.33	0.35	0.41	0.43	0.44	0.44

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	15.4B	20.1B	15.9B	21.9B	16.1B	13.4B	16.3B	—	21.8B
Enterprise value	—	—	7B	9.4B	-14.5B	-22.8B	-1.6B	15.6B	8B	—	37B
Shares outstanding	927.8M	1.1B	1B	992.1M	967.8M	947.1M	924.4M	927.2M	949.6M	1.1B	1.1B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	8.24	11.7	11.8	8.34	8.4	13.8	—	—	12
P/S	—	—	2.5	3.25	2.45	3.11	2.29	2.15	3.7	—	2.97
P/B	—	—	0.99	1.18	0.88	1.26	1.2	0.91	0.9	—	1.27
EV/Sales	—	—	1.14	1.52	-2.23	-3.23	-0.23	2.52	1.82	—	5.02
Earnings yield	—	—	12.1%	8.55%	8.46%	12%	11.9%	7.24%	—	—	8.34%
FCF yield	—	—	15.6%	14%	10.1%	4.96%	27.1%	20.7%	3.68%	—	7.74%
PEG	—	—	—	—	—	—	—	—	—	—	0.47

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	34.7%
Net margin	16.6%	21.4%	30.3%	27.8%	20.7%	37.3%	27.3%	15.6%	-3.66%	25.1%	27.5%
ROE	5.18%	8.64%	12%	10.1%	7.47%	15.1%	14.2%	6.61%	-0.89%	8.97%	10.3%
ROA	—	—	—	—	—	—	—	—	-0.09%	0.99%	1.08%
Return on tangible assets	—	—	—	—	—	—	—	—	-0.09%	1.02%	1.09%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Debt / equity	0.87	1	0.92	0.77	0.8	0.72	1.84	1.54	0.78	0.54	0.01
Debt / assets	—	—	—	—	—	—	—	—	0.08	0.06	0.08
Effective tax rate	18.5%	33%	15.6%	15.5%	14.6%	19.7%	18.1%	16.9%	0%	20.7%	20.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.12	5.66	5.92	6.23	6.71	7.43	7.6	6.7	4.63	6.63	6.77
EPS (basic)	0.81	1.14	1.73	1.63	1.28	2.65	1.94	0.88	-0.32	1.53	1.53
EPS (diluted)	0.8	1.13	1.71	1.62	1.27	2.63	1.93	0.88	-0.32	1.52	1.71
Book value per share	16.4	14	15	17.2	18.6	18.4	14.6	15.8	19.1	18.6	16.1
FCF per share	1.66	1.59	2.31	2.84	1.66	1.15	4.72	2.98	0.63	1.91	1.11
Cash per share	25.5	21.7	21.8	24	46.3	60.5	45.9	21.9	23.7	13.7	2.66
Capex per share	0.16	0.1	0.09	0.07	0.07	0.07	0.09	0.15	0.04	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.05%	1.85%	1.58%	1.08%	0.97%	0.88%	1.14%	2.2%	0.93%	—	—
Capex / operating cash flow	10.5%	7.31%	4.06%	2.55%	7.18%	3.39%	1.95%	5.46%	-3.11%	—	—
Payout ratio	42.4%	37%	35.2%	46.8%	61.7%	31.4%	44.5%	94.2%	-575.8%	57.6%	47.9%
Dividend yield	—	—	4.26%	4%	5.22%	3.76%	5.3%	6.82%	5.7%	—	4.02%

Yield

4.02%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.205

ex-dividend Sep 1, 2026

Payout ratio

48%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 1, 2026	$0.205
Jun 2, 2026	$0.205
Mar 3, 2026	$0.205

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.5B	$1.5B	$1.5B	$1.5B	$642M	$793M	$1.7B	$1.8B	$1.8B	$1.9B	$1.9B	$1.9B
YoY change	-17%	-18.7%	-10.9%	-4.46%	-57.8%	-46.7%	+16.4%	+20.7%	+186.9%	+144.1%	+10.7%	+7.12%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	23.7B	23.3B	22.7B	23.8B	44.8B	57.3B	42.4B	20.3B	22.5B	15B
Receivables	—	—	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	251M	189M	135M	85M	31M	-18M	-78M	-22M	-48M	-45M
Goodwill & intangibles	5.7B	5.9B	5.7B	5.8B	5.7B	5.6B	5.7B	5.6B	5.6B	5.5B
Total assets	—	—	—	—	—	—	—	—	187.2B	184.4B
Accounts payable	—	—	—	—	—	—	—	—	—	—
Short-term debt	808M	634M	544M	705M	759M	588M	5.4B	3.1B	2.1B	1.1B
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	12.4B	14.3B	13.7B	12.4B	13.7B	12B	19.3B	19.6B	12.1B	9.9B
Total liabilities	—	—	—	—	—	—	—	—	169B	164B
Shareholders' equity	15.2B	15B	15.6B	17B	18B	17.4B	13.5B	14.6B	18.2B	20.4B
Total debt	13.2B	15B	14.3B	13.2B	14.5B	12.6B	24.7B	22.6B	14.2B	11B
Net debt	12.5B	14.3B	13.6B	12.4B	13.4B	11.7B	23.8B	21.7B	12.5B	9.7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	14.8B	20.3B	22.6B	23.6B	26.8B	22.5B	20.3B	16.9B	18.9B	15B	16.6B	17.8B
Receivables	—	—	—	—	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	-22M	—	—	—	-48M	—	—	—	-45M	—	—
Goodwill & intangibles	5.6B	5.6B	5.6B	5.6B	5.6B	5.6B	5.5B	5.5B	5.5B	5.5B	5.5B	5.5B
Total assets	—	—	187.5B	187.4B	189.8B	187.2B	188.7B	185.5B	187.4B	184.4B	188.7B	191.3B
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	—	3.1B	—	—	2.4B	2.1B	2.3B	2.8B	1.3B	1.1B	6.1B	3.7B
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	24.8B	19.6B	23.7B	22.2B	15.7B	12.1B	12.4B	12.1B	10.9B	9.9B	10.9B	11B
Total liabilities	—	—	—	172.7B	172.9B	169B	169.7B	166B	167.3B	164B	168.7B	171.5B
Shareholders' equity	13.4B	14.6B	14.5B	14.8B	16.9B	18.2B	19B	19.5B	20.1B	20.4B	20B	19.8B
Total debt	24.8B	22.6B	23.7B	22.2B	18B	14.2B	14.7B	14.8B	12.3B	11B	17B	14.6B
Net debt	24B	21.7B	22.4B	20.8B	16.8B	12.5B	12.8B	13.1B	10.3B	9.7B	15.9B	12.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	790M	1.3B	1.9B	1.7B	1.3B	2.6B	1.9B	967M	-161M	1.8B
Depreciation & amortization	314M	407M	382M	241M	111M	32M	137M	134M	73M	21M
Stock-based compensation	99M	100M	99M	96M	101M	104M	120M	121M	104M	132M
Change in working capital	-79M	31M	-13M	-191M	305M	34M	-128M	-313M	-411M	443M
Operating cash flow	1.4B	1.5B	2.4B	2.6B	877M	1.8B	4.1B	2.5B	-1.3B	2.2B
Capital expenditure	-145M	-112M	-97M	-67M	-63M	-62M	-80M	-137M	-41M	—
Investing cash flow	-3B	-1.5B	983M	850M	-17.6B	-11.1B	6.6B	-5.4B	-5.6B	5.8B
Dividends paid	-335M	-480M	-656M	-804M	-829M	-823M	-854M	-911M	-927M	-1.1B
Share repurchases	-140M	-1B	-1.1B	-835M	-134M	-1.1B	0	-38M	0	-200M
Financing cash flow	791M	-664M	-2B	-2.5B	31M	-3.5B	16.5B	-7.2B	-6.5B	-4.8B
Net change in cash	-863M	-659M	1.3B	1B	-16.7B	-12.8B	27.1B	-10.1B	-13.4B	3.2B
Free cash flow	1.5B	1.7B	2.4B	2.8B	1.6B	1.1B	4.4B	2.8B	599M	2.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	303M	65M	219M	274M	-410M	-244M	405M	425M	489M	510M	522M	509M
Depreciation & amortization	39M	28M	24M	25M	19M	5M	3M	8M	7M	3M	-5M	-5M
Stock-based compensation	27M	31M	26M	27M	23M	28M	30M	33M	36M	33M	31M	33M
Change in working capital	-339M	183M	258M	-299M	3M	-373M	-202M	206M	230M	209M	-365M	73M
Operating cash flow	441M	958M	693M	-119M	-2B	112M	560M	1.1B	396M	718M	-62M	259M
Capital expenditure	-22M	-43M	-11M	-4M	-15M	-11M	-10M	-20M	—	—	—	—
Investing cash flow	2.7B	-2.3B	-2.4B	-2.1B	-1.3B	197M	-68M	4.3B	-1.6B	3.1B	-1.9B	-623M
Dividends paid	-227M	-228M	-229M	-230M	-230M	-238M	-265M	-263M	-264M	-262M	-259M	-258M
Share repurchases	0	0	0	0	0	0	—	—	—	—	-389M	-338M
Financing cash flow	-6B	-2.8B	955M	-1.9B	-3.7B	-4.6B	75M	-273M	-2.9B	-1.5B	5.4B	-2.9B
Net change in cash	-2.8B	-4.1B	-742M	-4.1B	-7.1B	-4.3B	567M	5.1B	-4.1B	2.3B	3.5B	-3.3B
Free cash flow	541M	994M	347M	-230M	-1.2B	1.7B	-150M	1.2B	367M	673M	-74M	233M

Date	Ratio
Mar 9, 1998	2:1
Mar 2, 1994	1205:1000
Mar 23, 1993	2:1
Apr 15, 1992	3:2

KeyCorp Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history