KeyCorp (KEY) Income Statement
KEY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsKEY revenue and net income
Where KEY's revenue goes
2025Each bar shows an amount and its share of revenue. KEY kept 16.3% of revenue as net income.
KEY profit margins
KEY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +23.6% | +16.7% | +9.4% | +9.9% |
| Gross profit | +71.7% | −0.3% | +5.0% | +6.0% |
| Operating income | — | −10.6% | +8.2% | +6.5% |
| Net income | — | −1.6% | +6.4% | +7.2% |
| EPS (diluted) | +316.7% | −7.9% | +3.7% | +3.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
KEY quarterly EPS vs estimates
KeyCorp beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 20, 2026 (estimate $0.46).
KEY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.19B | $9.05B | $10.23B | $7.03B | $7.33B | $7.14B | $7.51B | $7.13B | $6.68B | $5.16B |
| Cost of revenue | $4.22B | $5.00B | $4.50B | $1.39B | −$122.0M | $1.67B | $1.77B | $1.22B | $842.0M | $666.0M |
| Gross profit | $6.97B | $4.06B | $5.73B | $7.03B | $7.46B | $5.47B | $5.74B | $5.91B | $5.83B | $4.49B |
| Research & development | — | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $3.28B | $2.87B | $2.77B | $2.66B | $2.81B | $2.57B | $2.47B | $2.60B | $2.57B | $2.22B |
| Total operating expenses | $4.66B | $4.36B | $4.57B | $335.0M | $4.20B | $3.91B | $3.71B | $3.71B | $3.91B | $3.52B |
| Operating income | $2.30B | −$306.0M | $1.16B | $3.22B | $3.25B | $1.56B | $2.02B | $2.20B | $1.93B | $968.0M |
| Interest income | $8.39B | $8.43B | $7.57B | $5.41B | $4.37B | $4.68B | $5.24B | $4.88B | $4.39B | $3.32B |
| Interest expense | $3.75B | $4.66B | $4.01B | $885.0M | $296.0M | $651.0M | $1.33B | $969.0M | $613.0M | $400.0M |
| Income before taxes | $2.30B | −$306.0M | $1.16B | $2.33B | $3.25B | $1.56B | $2.02B | $2.20B | $1.93B | $968.0M |
| Income taxes | $475.0M | −$143.0M | $196.0M | $422.0M | $642.0M | $227.0M | $314.0M | $344.0M | $637.0M | $179.0M |
| Net income | $1.83B | −$161.0M | $967.0M | $1.92B | $2.62B | $1.34B | $1.72B | $1.87B | $1.30B | $791.0M |
| EBITDA | $2.33B | −$233.0M | $1.31B | $3.36B | $3.29B | $1.67B | $2.26B | $2.58B | $2.33B | $1.28B |
| EPS (diluted) | $1.50 | $0.36 | $0.89 | $1.92 | $2.62 | $1.25 | $1.80 | $1.74 | $1.37 | $1.12 |
| Gross margin | 62.3% | 44.8% | 56.0% | 100.0% | 101.7% | 76.6% | 76.4% | 82.9% | 87.4% | 87.1% |
| Operating margin | 20.6% | −3.4% | 11.3% | 45.8% | 44.4% | 21.8% | 26.9% | 30.9% | 28.9% | 18.8% |
| Net margin | 16.3% | −1.8% | 9.5% | 27.3% | 35.8% | 18.8% | 22.9% | 26.2% | 19.4% | 15.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.06B | $2.73B | $2.86B | $2.83B | $2.80B | $2.70B | $1.87B | $1.86B | $2.68B | $2.64B | $2.62B | $2.65B |
| Cost of revenue | $809.0M | $889.0M | $971.0M | $1.05B | $1.10B | $1.09B | $1.12B | $1.32B | $1.30B | $1.26B | $1.23B | $1.21B |
| Gross profit | $1.25B | $1.84B | $1.89B | $1.78B | $1.69B | $1.61B | $754.0M | $547.0M | $1.38B | $1.38B | $1.39B | $1.44B |
| Sales, general & admin | $1.22B | $959.0M | $812.0M | $893.0M | $867.0M | $712.0M | $780.0M | $705.0M | $674.0M | $710.0M | $642.0M | $709.0M |
| Total operating expenses | $1.31B | $1.14B | $1.24B | $1.18B | $1.15B | $1.09B | $1.17B | $1.05B | $1.04B | $1.10B | $1.33B | $1.07B |
| Operating income | −$59.0M | $701.0M | $648.0M | $602.0M | $539.0M | $515.0M | −$413.0M | −$506.0M | $335.0M | $278.0M | $57.0M | $367.0M |
| Interest income | $2.06B | $2.00B | $2.08B | $2.13B | $2.11B | $2.07B | $2.13B | $2.17B | $2.09B | $2.03B | $2.05B | $2.04B |
| Interest expense | $809.0M | $783.0M | $863.0M | $947.0M | $966.0M | $974.0M | $1.08B | $1.22B | $1.20B | $1.16B | $1.13B | $1.13B |
| Income before taxes | $647.0M | $658.0M | $648.0M | $602.0M | $539.0M | $515.0M | −$413.0M | −$506.0M | $335.0M | $278.0M | $57.0M | $367.0M |
| Income taxes | $139.0M | $136.0M | $138.0M | $112.0M | $116.0M | $109.0M | −$169.0M | −$95.0M | $62.0M | $59.0M | −$8.0M | $65.0M |
| Net income | $509.0M | $522.0M | $510.0M | $489.0M | $425.0M | $405.0M | −$244.0M | −$410.0M | $274.0M | $219.0M | $65.0M | $303.0M |
| EBITDA | −$59.0M | $701.0M | $651.0M | $609.0M | $547.0M | $518.0M | −$408.0M | −$487.0M | $360.0M | $302.0M | $85.0M | $406.0M |
| EPS (diluted) | $0.44 | $0.44 | $0.41 | $0.41 | $0.35 | $0.33 | $0.38 | −$0.47 | $0.25 | $0.20 | $0.03 | $0.29 |
| Gross margin | 60.7% | 67.4% | 66.0% | 62.8% | 60.5% | 59.5% | 40.2% | 29.3% | 51.4% | 52.3% | 52.9% | 54.3% |
| Operating margin | −2.9% | 25.7% | 22.7% | 21.2% | 19.3% | 19.1% | −22.0% | −27.1% | 12.5% | 10.5% | 2.2% | 13.9% |
| Net margin | 24.7% | 19.1% | 17.8% | 17.3% | 15.2% | 15.0% | −13.0% | −22.0% | 10.2% | 8.3% | 2.5% | 11.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in KEY's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
KEY financial results
In fiscal year 2025 (ended December 31, 2025), KeyCorp reported revenue of $11.2 billion, up 23.6% from the year before. It had net income of $1.8 billion, a net profit margin of 16.3%. Diluted earnings per share came to $1.50. Over five years revenue grew at an average rate of 9.4% a year.
See the KEY stock overview for the latest quote and news, or the KEY chart for price history and technical indicators.
KEY income statement FAQ
What is KeyCorp's annual revenue?
KeyCorp reported total revenue of $11.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 23.6% from $9.1 billion the previous year.
Is KeyCorp profitable?
Yes. KeyCorp reported net income of $1.8 billion in fiscal 2025, a net profit margin of 16.3%; its operating margin was 20.6%.
What is KeyCorp's gross margin?
KeyCorp's gross margin was 62.3% in fiscal 2025: for every $100 of revenue, KeyCorp kept $62 after the direct cost of its products and services.
How fast is KeyCorp growing?
Revenue grew 9.4% a year on average over the last five fiscal years, from $7.1 billion to $11.2 billion.
What are KeyCorp's earnings per share?
KeyCorp earned $1.50 per diluted share in fiscal 2025, compared with $0.36 a year earlier.
When will KeyCorp report its next earnings?
KeyCorp is expected to report results for the quarter ending September 30, 2026 on October 20, 2026 before the market opens.
When does KeyCorp's fiscal year end?
KeyCorp's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.