MARKETS / NYSE / KEY

NYSE · NATIONAL COMMERCIAL BANKS · LARGE CAP

Keycorp /new/ KEY

19 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$1.7B

▲ 6.5% YoY

Net income

$1.8B

Free cash flow

$2.1B

▲ 250.8% YoY

In brief

What this company does

Through KeyBank National Association and other subsidiaries, KeyCorp provides retail and commercial banking, commercial leasing, investment management, consumer finance, student loan refinancing, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate, and institutional clients. As of December 31, 2025, it had consolidated total assets of approximately $184.4 billion. As of December 31, 2025, these services were provided through KeyBank's 940 full-service retail banking branches and a network of 1,120 ATMs in 15 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center. Its management structure and basis of presentation is divided into two business segments, Consumer Bank and Commercial Bank. The Consumer Bank serves individuals and small businesses through the company's branch footprint and digital brand, offering deposit and investment products, personal finance and financial wellness services, lending, student loan refinancing, mortgage and home equity, credit card, treasury services, and business advisory services. The Commercial operating segment is a full-service, commercial banking platform that focuses primarily on serving the borrowing, cash management, and capital markets needs of middle market clients. KeyCorp was organized in 1958 under the laws of the State of Ohio.

Written from the business description in KEYCORP /NEW/'s annual report to the U.S. Securities and Exchange Commission, filed 23 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.7B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.7 · Net income 1.8

Compound annual growth

Revenue

+3.1%

−23.6%

−8.5%

Net income

−1.6%

+6.4%

+7.2%

+8.3%

EPS, diluted

−7.7%

+3.7%

+3.8%

+8.6%

Dividend / share

+1.3%

+2.1%

+11.0%

+22.3%

Returned to shareholders

+7.3%

+2.0%

+4.3%

+12.3%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at −23.6% a year over five years — but profit grew faster: net income at +6.4%, earnings per share at +3.7%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

105 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 131.7% · Net 104.6%

ROE

FY2025 · ROE 9.5%

Gross margin—

Operating margin131.7%

Net margin104.6%

Return on assets1.0%

EBITDAUSD 2.4B

Each USD of equity produced 9 cents of profit this year.

Cash & shareholders

USD 1.1B

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 2.1

Net buybacks $B Dividends $B

FY2025 · Dividends 1.1 · Net buybacks —

Dividends paidUSD 1.1B

Net buybacks—

Share of profit57.6%

Consecutive raises—

USD 1.1B in dividends — 58% of the year's profit went back to shareholders.

Total assetsUSD 184.4B

EquityUSD 20.4B

CashUSD 1.3B

Gross debtUSD 11.0B

Net debtUSD 9.7B

DepositsUSD 148.7B

Net debt stands at 48% of equity.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	1.7	1.6	1.4	1.6	7.3	6.7	6.4	6.5	6.3	5.0	4.3	4.1	·	·	·	·	·	·	·
Operating income $B	2.3	−0.3	1.2	2.3	3.3	1.6	2.0	2.2	1.9	1.0	1.2	1.3	1.1	·	·	·	·	·	·
EBITDA $B	2.4	−0.2	1.2	2.4	3.4	1.7	2.1	2.3	2.1	1.1	1.3	1.5	1.4	·	·	·	·	·	·
Income tax $B	0.5	−0.1	0.2	0.4	0.6	0.2	0.3	0.3	0.6	0.2	0.3	0.3	0.3	0.2	0.4	0.2	−1.0	0.4	0.3
Net income $B	1.8	−0.2	1.0	1.9	2.6	1.3	1.7	1.9	1.3	0.8	0.9	0.9	0.9	0.9	0.9	0.6	−1.3	−1.5	0.9
Free cash flow $B	2.1	0.6	2.8	4.4	1.1	1.6	2.8	2.4	1.7	1.5	1.1	1.2	1.4	1.1	1.6	2.6	2.1	−0.8	−0.2
EPS, diluted $	1.52	−0.32	0.88	1.93	2.63	1.27	1.62	1.71	1.13	0.80	1.05	0.99	0.97	0.89	0.87	0.44	−2.34	−3.36	2.32
Dividend / sh $	0.82	0.82	0.82	0.79	0.75	0.74	0.71	0.56	0.38	0.33	0.29	0.25	0.21	0.18	0.10	0.04	0.09	0.62	1.83
Payout %	58	−576	94	45	31	62	47	35	37	42	29	27	24	22	18	33	−16	−30	62
ROE %	9.5	−1.0	6.9	12.4	14.8	7.7	10.5	12.2	8.6	6.1	8.6	8.6	8.8	8.5	8.8	5.1	−12.5	·	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 55 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 2 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityNational Commercial Banks

Listed onNYSE

Incorporated inOhio

Fiscal year endsDecember 31

Data on record since2007