KeyCorp (KEY): financials, SEC filings and peers
KeyCorp (KEY) is a regional banks company in the Financials sector of the S&P 500, headquartered in Cleveland, Ohio.
It was founded in 1825 and joined the S&P 500 on March 1, 1994.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “National Commercial Banks”.
KeyCorp at a glance
- Revenue (12 months)
- $7.8B
- Revenue growth
- +51.1%
- Operating margin
- 32.7%
- Net income (12 months)
- $2.0B
- Free cash flow (12 months)
- $1.2B
- Cash
- $1.7B
- Debt
- $11.0B
- Diluted EPS (12 months)
- $1.72
Twelve months to June 30, 2026, from the 10-Q filed August 4, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, KeyCorp reported revenue of $7.8 billion, up a strong 51.1% from $5.2 billion a year earlier.
Its operating margin was 32.7%, up 30.1 percentage points from a year earlier: for every $100 of sales, about $33 was left as operating profit.
Net income was $2.0 billion (26.0% of revenue), 1053.4% higher than a year earlier.
Operating cash flow was $1.3 billion and capital spending $112 million, leaving free cash flow of $1.2 billion (15.3% of revenue).
At the end of the period it held $1.7 billion in cash and $11.0 billion in debt, a net debt position of $9.3 billion.
The diluted share count fell 2.5% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $6.7 billion in fiscal 2020 to $7.5 billion in fiscal 2025, about 2.3% a year.
- Free cash flow was positive in each of the last 6 fiscal years.
- KeyCorp reported a net loss in 1 of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $7.3B | $7.3B | $6.4B | $4.6B | $7.5B |
| Revenue growth | 8.6% | -0.3% | -11.8% | -28.0% | 62.7% |
| Operating margin | — | — | — | — | — |
| Net income | $2.6B | $1.9B | $967M | −$161M | $1.8B |
| Free cash flow | $1.1B | $4.4B | $2.8B | $599M | $2.1B |
| Diluted EPS | $2.63 | $1.93 | $0.88 | $-0.32 | $1.52 |
Fiscal years as reported in KeyCorp’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 25, 2026 — Regulation FD disclosure
- 8-K filed September 14, 2026 — Regulation FD disclosure
- 8-K filed August 14, 2026 — Other event
- 10-Q filed August 4, 2026 — quarterly report
- 8-K filed July 21, 2026 — Earnings results
- 8-K filed June 10, 2026 — Other event
- 8-K filed June 3, 2026 — Other event
- 8-K filed May 29, 2026 — Regulation FD disclosure
Companies like KeyCorp
Other S&P 500 companies in Regional Banks:
- CFGCitizens Financial GroupProvidence, Rhode Island
- FITBFifth Third BancorpCincinnati, Ohio
- HBANHuntington BancsharesColumbus, Ohio; Detroit, Michigan
- MTBM&T BankBuffalo, New York
- RFRegions Financial CorporationBirmingham, Alabama
More from Financials
Questions about KeyCorp
Is KeyCorp's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $7.8 billion, up 51.1% from a year earlier, according to its SEC filings.
Is KeyCorp profitable?
Yes. It earned $2.0 billion in net income over the twelve months to June 30, 2026, a net margin of 26.0%.
Does KeyCorp have more cash or more debt?
At June 30, 2026 it had $1.7 billion in cash and $11.0 billion in debt, so more debt than cash.
When did KeyCorp last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 4, 2026.
Which companies are similar to KeyCorp?
In the S&P 500, KeyCorp is grouped in Regional Banks within the Financials sector. Citizens Financial Group (CFG), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), M&T Bank (MTB), Regions Financial Corporation (RF) are in the same group.
Understand the numbers
Source: KeyCorp’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.