Filing Flows › Keycorp (KEY) › Q2 2026 › vs Q1 2026
Keycorp (KEY) Q2 2026 vs Q1 2026 (quarter over quarter)
Keycorp's revenue rose $11.0M (+0.6%) from $2.0B in Q1 2026 to $2.0B in Q2 2026. The biggest changes: Investment banking and debt placement fees −$29.0M (-19%); Other revenues +$24.0M (+2%); Cards and payments income +$10.0M (+12%). Operating margin 32.9% against 33.7% (-0.7 pts).
Keycorp, Q2 2026: revenue $2.0B (+7% year over year), operating margin 32.9%, net earnings $509M, operating cash flow $259M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 32.9% | 33.7% | -0.7 pts |
| Net margin | 25.9% | 26.7% | -0.8 pts |
| Free cash flow margin | 11.9% | -3.8% | +15.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Trust and investment services income | $154M | $148M | $6.0M | +4% |
| Investment banking and debt placement fees | $123M | $152M | −$29.0M | -19% |
| Cards and payments income | $92.0M | $82.0M | $10.0M | +12% |
| Service charges on deposit accounts | $77.0M | $77.0M | $0 | 0% |
| Other noninterest income | $3.0M | $3.0M | $0 | 0% |
| Other revenues | $1.5B | $1.5B | $24.0M | +2% |
| Revenue | $2.0B | $2.0B | $11.0M | +0.6% |
| Operating profit | $647M | $658M | −$11.0M | -2% |
| Costs & expenses | $1.3B | $1.3B | $22.0M | +2% |
| Pre-tax earnings | $647M | $658M | −$11.0M | -2% |
| Sales & marketing | $22.0M | $18.0M | $4.0M | +22% |
| Other operating costs | $1.3B | $1.3B | $18.0M | +1% |
| Net earnings | $509M | $522M | −$13.0M | -2% |
| Income tax | $139M | $136M | $3.0M | +2% |
| Share-based compensation | $33.0M | $31.0M | $2.0M | +6% |
| Working capital & other | $283M | $615M | −$332M | -54% |
| Operating cash flow | $259M | −$62.0M | $321M | — |
| Free cash flow (OCF − capex) | $233M | −$74.0M | $307M | — |
| Capital expenditures | $26.0M | $12.0M | $14.0M | +117% |
Questions
How much did Keycorp's revenue grow quarter over quarter in Q2 2026?
Keycorp's revenue rose $11.0M (+0.6%) from $2.0B in Q1 2026 to $2.0B in Q2 2026.
What drove Keycorp's revenue change in Q2 2026?
Investment banking and debt placement fees −$29.0M (-19%); Other revenues +$24.0M (+2%); Cards and payments income +$10.0M (+12%).