What is Keycorp's earnings per share (EPS)?

Keycorp (KEY) reported diluted earnings per share of $1.52 for fiscal year 2025. This represents a 575.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Keycorp Financials

KEY

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Keycorp (KEY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 80/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

100

Keycorp's revenue surged 62.7% year-over-year to $7.5B, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Keycorp carries a low D/E ratio of 0.49, meaning only $0.49 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

Keycorp converts 28.0% of revenue into free cash flow ($2.1B). This strong cash generation earns a score of 95/100.

Returns

Keycorp's ROE of 9.0% shows moderate profitability relative to equity, earning a score of 31/100. This is up from -0.9% the prior year.

Piotroski F-Score Neutral

6/9

Keycorp passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.21x

For every $1 of reported earnings, Keycorp generates $1.21 in operating cash flow ($2.2B OCF vs $1.8B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$7.5B

YoY+62.7%

5Y CAGR+2.3%

10Y CAGR+5.8%

Keycorp generated $7.5B in revenue in fiscal year 2025. This represents an increase of 62.7% from the prior year.

EBITDA

N/A

Net Income

$1.8B

YoY+1236.0%

5Y CAGR+6.4%

10Y CAGR+7.2%

Keycorp reported $1.8B in net income in fiscal year 2025. This represents an increase of 1236.0% from the prior year.

EPS (Diluted)

$1.52

YoY+575.0%

5Y CAGR+3.7%

10Y CAGR+3.8%

Keycorp earned $1.52 per diluted share (EPS) in fiscal year 2025. This represents an increase of 575.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$2.1B

YoY+250.8%

5Y CAGR+5.5%

10Y CAGR+7.1%

Keycorp generated $2.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 250.8% from the prior year.

Cash & Debt

$1.3B

YoY-26.2%

5Y CAGR+3.4%

Keycorp held $1.3B in cash against $9.9B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.82

YoY+0.0%

5Y CAGR+2.1%

10Y CAGR+11.0%

Keycorp paid $0.82 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

24.3%

YoY+27.8pp

5Y CAGR+4.3pp

10Y CAGR+2.8pp

Keycorp's net profit margin was 24.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 27.8 percentage points from the prior year.

Return on Equity

9.0%

YoY+9.9pp

5Y CAGR+1.5pp

10Y CAGR+0.5pp

Keycorp's ROE was 9.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 9.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$107.0M

YoY+64.6%

5Y CAGR+11.2%

10Y CAGR+3.6%

Keycorp invested $107.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 64.6% from the prior year.

KEY Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$7.5B+62.7%	$4.6B-28.0%	$6.4B-11.8%	$7.3B-0.3%	$7.3B+8.6%	$6.7B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$3.8B-19.6%	$4.7B+16.1%	$4.0B+353.6%	$885.0M+199.0%	$296.0M-54.5%	$651.0M
Income Tax	$476.0M+432.9%	-$143.0M-173.0%	$196.0M-53.6%	$422.0M-34.3%	$642.0M+182.8%	$227.0M
Net Income	$1.8B+1236.0%	-$161.0M-116.6%	$967.0M-49.6%	$1.9B-27.0%	$2.6B+95.5%	$1.3B
EPS (Diluted)	$1.52+575.0%	$-0.32-136.4%	$0.88-54.4%	$1.93-26.6%	$2.63+107.1%	$1.27

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$2.0B+5.8%	$1.9B+3.0%	$1.8B+3.8%	$1.8B+105.0%	$865.0M+24.5%	$695.0M-54.5%	$1.5B-0.5%	$1.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$863.0M-8.9%	$947.0M-2.0%	$966.0M-0.8%	$974.0M-9.9%	$1.1B-11.6%	$1.2B+1.8%	$1.2B+3.8%	$1.2B
Income Tax	$139.0M+24.1%	$112.0M-3.4%	$116.0M+6.4%	$109.0M+164.5%	-$169.0M-77.9%	-$95.0M-253.2%	$62.0M+5.1%	$59.0M
Net Income	$510.0M+4.3%	$489.0M+15.1%	$425.0M+4.9%	$405.0M+266.0%	-$244.0M+40.5%	-$410.0M-249.6%	$274.0M+25.1%	$219.0M
EPS (Diluted)	N/A	$0.41+17.1%	$0.35+6.1%	$0.33	N/A	$-0.47-288.0%	$0.25+25.0%	$0.20

KEY Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$184.4B-1.5%	$187.2B-0.6%	$188.3B-0.8%	$189.8B+1.9%	$186.3B+9.4%	$170.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.3B-26.2%	$1.7B+85.2%	$941.0M+6.1%	$887.0M-2.8%	$913.0M-16.3%	$1.1B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.8B0.0%	$2.8B0.0%	$2.8B0.0%	$2.8B+2.2%	$2.7B+1.1%	$2.7B
Total Liabilities	$164.0B-3.0%	$169.0B-2.7%	$173.6B-1.5%	$176.4B+4.4%	$168.9B+10.9%	$152.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$9.9B-18.1%	$12.1B-38.1%	$19.6B+1.3%	$19.3B+60.3%	$12.0B-12.2%	$13.7B
Total Equity	$20.4B+12.1%	$18.2B+24.2%	$14.6B+8.8%	$13.5B-22.8%	$17.4B-3.1%	$18.0B
Retained Earnings	$15.4B+5.3%	$14.6B-6.9%	$15.7B+0.4%	$15.6B+7.3%	$14.6B+14.1%	$12.8B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$184.4B-1.6%	$187.4B+1.0%	$185.5B-1.7%	$188.7B+0.8%	$187.2B-1.4%	$189.8B+1.2%	$187.4B0.0%	$187.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.3B-33.6%	$1.9B+9.7%	$1.8B-7.5%	$1.9B+9.5%	$1.7B+36.6%	$1.3B-3.8%	$1.3B+6.3%	$1.2B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.8B0.0%	$2.8B0.0%	$2.8B0.0%	$2.8B0.0%	$2.8B0.0%	$2.8B0.0%	$2.8B0.0%	$2.8B
Total Liabilities	$164.0B-2.0%	$167.3B+0.8%	$166.0B-2.2%	$169.7B+0.4%	$169.0B-2.3%	$172.9B+0.1%	$172.7B-0.2%	$172.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$9.9B-9.2%	$10.9B-9.5%	$12.1B-2.7%	$12.4B+2.4%	$12.1B-22.8%	$15.7B-7.1%	$16.9B-18.8%	$20.8B
Total Equity	$20.4B+1.4%	$20.1B+3.2%	$19.5B+2.5%	$19.0B+4.5%	$18.2B+7.9%	$16.9B+13.9%	$14.8B+1.7%	$14.5B
Retained Earnings	$15.4B+1.6%	$15.1B+1.5%	$14.9B+1.1%	$14.7B+1.0%	$14.6B-3.2%	$15.1B-4.1%	$15.7B+0.3%	$15.7B

KEY Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$2.2B+232.5%	$664.0M-77.1%	$2.9B-35.0%	$4.5B+287.6%	$1.2B-31.1%	$1.7B
Capital Expenditures	$107.0M+64.6%	$65.0M-54.2%	$142.0M+47.9%	$96.0M+45.5%	$66.0M+4.8%	$63.0M
Free Cash Flow	$2.1B+250.8%	$599.0M-78.3%	$2.8B-36.9%	$4.4B+302.3%	$1.1B-32.5%	$1.6B
Investing Cash Flow	$3.2B+28.9%	$2.5B+76.2%	$1.4B+113.0%	-$10.9B+27.4%	-$15.1B+39.0%	-$24.7B
Financing Cash Flow	-$5.9B-149.4%	-$2.4B+44.7%	-$4.3B-166.3%	$6.4B-53.1%	$13.7B-41.3%	$23.4B
Dividends Paid	$1.1B+13.7%	$927.0M+1.8%	$911.0M+6.7%	$854.0M+3.8%	$823.0M-0.7%	$829.0M
Share Buybacks	N/A	N/A	$0	$0-100.0%	$585.0M+336.6%	$134.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$718.0M+81.3%	$396.0M-67.9%	$1.2B+981.4%	-$140.0M-108.1%	$1.7B+243.3%	-$1.2B-455.3%	-$217.0M-160.4%	$359.0M
Capital Expenditures	$45.0M+55.2%	$29.0M+26.1%	$23.0M+130.0%	$10.0M-56.5%	$23.0M+35.3%	$17.0M+30.8%	$13.0M+8.3%	$12.0M
Free Cash Flow	$673.0M+83.4%	$367.0M-69.7%	$1.2B+907.3%	-$150.0M-108.8%	$1.7B+239.4%	-$1.2B-431.3%	-$230.0M-166.3%	$347.0M
Investing Cash Flow	$2.4B+299.9%	-$1.2B-144.1%	$2.7B+483.7%	-$711.0M-159.6%	$1.2B+338.6%	$272.0M-58.7%	$658.0M+75.9%	$374.0M
Financing Cash Flow	-$3.8B-485.5%	$979.0M+123.8%	-$4.1B-503.6%	$1.0B+141.5%	-$2.5B-377.8%	$883.0M+343.9%	-$362.0M+15.2%	-$427.0M
Dividends Paid	$262.0M-0.8%	$264.0M+0.4%	$263.0M-0.8%	$265.0M+11.3%	$238.0M+3.5%	$230.0M0.0%	$230.0M+0.4%	$229.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

KEY Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	24.3%+27.8pp	-3.5%-18.6pp	15.1%-11.3pp	26.4%-9.6pp	36.0%+16.0pp	20.0%
Return on Equity	9.0%+9.9pp	-0.9%-7.5pp	6.6%-7.6pp	14.2%-0.8pp	15.1%+7.6pp	7.5%
Return on Assets	1.0%+1.1pp	-0.1%-0.6pp	0.5%-0.5pp	1.0%-0.4pp	1.4%+0.6pp	0.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.49-0.2	0.67-0.7	1.34-0.1	1.44+0.7	0.69-0.1	0.76
FCF Margin	28.0%+15.0pp	13.0%-30.1pp	43.0%-17.1pp	60.1%+45.2pp	14.9%-9.1pp	24.0%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	25.4%-0.4pp	25.8%+2.7pp	23.1%+0.3pp	22.8%+51.0pp	-28.2%+30.8pp	-59.0%-77.0pp	18.0%+3.7pp	14.3%
Return on Equity	2.5%+0.1pp	2.4%+0.2pp	2.2%+0.1pp	2.1%+3.5pp	-1.3%+1.1pp	-2.4%-4.3pp	1.8%+0.3pp	1.5%
Return on Assets	0.3%+0.0pp	0.3%+0.0pp	0.2%+0.0pp	0.2%+0.3pp	-0.1%+0.1pp	-0.2%-0.4pp	0.1%+0.0pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.49-0.1	0.54-0.1	0.62-0.0	0.65-0.0	0.67-0.3	0.93-0.2	1.14-0.3	1.43
FCF Margin	33.6%+14.2pp	19.4%-46.5pp	65.8%+74.3pp	-8.5%-205.4pp	197.0%+372.8pp	-175.8%-160.8pp	-15.1%-37.7pp	22.6%

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Frequently Asked Questions

What is Keycorp's annual revenue?

Keycorp (KEY) reported $7.5B in total revenue for fiscal year 2025. This represents a 62.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Keycorp's revenue growing?

Keycorp (KEY) revenue grew by 62.7% year-over-year, from $4.6B to $7.5B in fiscal year 2025.

Is Keycorp profitable?

Yes, Keycorp (KEY) reported a net income of $1.8B in fiscal year 2025, with a net profit margin of 24.3%.

How much debt does Keycorp have?

As of fiscal year 2025, Keycorp (KEY) had $1.3B in cash and equivalents against $9.9B in long-term debt.

What is Keycorp's net profit margin?

Keycorp (KEY) had a net profit margin of 24.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Keycorp pay dividends?

Yes, Keycorp (KEY) paid $0.82 per share in dividends during fiscal year 2025.

What is Keycorp's return on equity (ROE)?

Keycorp (KEY) has a return on equity of 9.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Keycorp's free cash flow?

Keycorp (KEY) generated $2.1B in free cash flow during fiscal year 2025. This represents a 250.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Keycorp's operating cash flow?

Keycorp (KEY) generated $2.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Keycorp's total assets?

Keycorp (KEY) had $184.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Keycorp's capital expenditures?

Keycorp (KEY) invested $107.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Keycorp's debt-to-equity ratio?

Keycorp (KEY) had a debt-to-equity ratio of 0.49 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Keycorp's return on assets (ROA)?

Keycorp (KEY) had a return on assets of 1.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Keycorp's Piotroski F-Score?

Keycorp (KEY) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Keycorp's earnings high quality?

Keycorp (KEY) has an earnings quality ratio of 1.21x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Keycorp?

Keycorp (KEY) scores 80 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.