Filing Flows › Keycorp (KEY) › Q2 2026 › vs Q2 2025
Keycorp (KEY) Q2 2026 vs Q2 2025 (year over year)
Keycorp's revenue rose $124M (+7%) from $1.8B in Q2 2025 to $2.0B in Q2 2026. The biggest changes: Other revenues +$100M (+7%); Trust and investment services income +$18.0M (+13%); Cards and payments income +$8.0M (+10%). Operating margin 32.9% against 29.4% (+3.5 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 32.9% | 29.4% | +3.5 pts |
| Net margin | 25.9% | 23.1% | +2.8 pts |
| Free cash flow margin | 11.9% | 65.8% | -54.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Trust and investment services income | $154M | $136M | $18.0M | +13% |
| Investment banking and debt placement fees | $123M | $130M | −$7.0M | -5% |
| Cards and payments income | $92.0M | $84.0M | $8.0M | +10% |
| Service charges on deposit accounts | $77.0M | $73.0M | $4.0M | +5% |
| Other noninterest income | $3.0M | $2.0M | $1.0M | +50% |
| Other revenues | $1.5B | $1.4B | $100M | +7% |
| Revenue | $2.0B | $1.8B | $124M | +7% |
| Operating profit | $647M | $541M | $106M | +20% |
| Costs & expenses | $1.3B | $1.3B | $18.0M | +1% |
| Pre-tax earnings | $647M | $541M | $106M | +20% |
| Sales & marketing | $22.0M | $24.0M | −$2.0M | -8% |
| Other operating costs | $1.3B | $1.3B | $20.0M | +2% |
| Net earnings | $509M | $425M | $84.0M | +20% |
| Income tax | $139M | $116M | $23.0M | +20% |
| Share-based compensation | $33.0M | $33.0M | $0 | 0% |
| Working capital & other | $283M | −$768M | $1.1B | — |
| Operating cash flow | $259M | $1.2B | −$975M | -79% |
| Free cash flow (OCF − capex) | $233M | $1.2B | −$978M | -81% |
| Capital expenditures | $26.0M | $23.0M | $3.0M | +13% |
Questions
How much did Keycorp's revenue grow year over year in Q2 2026?
Keycorp's revenue rose $124M (+7%) from $1.8B in Q2 2025 to $2.0B in Q2 2026.
What drove Keycorp's revenue change in Q2 2026?
Other revenues +$100M (+7%); Trust and investment services income +$18.0M (+13%); Cards and payments income +$8.0M (+10%).