Filing Flows › Keycorp (KEY) › Q2 2026
Keycorp (KEY) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Keycorp (KEY) reported revenue of $2.0B for the second quarter 2026 (Q2 2026), +7% from a year earlier and +0.6% from the quarter before. Operating margin was 32.9%, net earnings $509M (25.9% of revenue).
Keycorp, Q2 2026: revenue $2.0B (+7% year over year), operating margin 32.9%, net earnings $509M, operating cash flow $259M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +0.6% | +7% |
| Operating profit | $647M | -2% | +20% |
| Net earnings | $509M | -2% | +20% |
| Operating cash flow | $259M | — | -79% |
| Free cash flow | $233M | — | -81% |
What changed
Revenue was $2.0B in Q2 2026, up 7% year over year and up 1% from the previous quarter. Trust and investment services income was the largest line at 8% of revenue. Trust and investment services income added $0.02B year over year (up 13%), 15% of the total change. Investment banking and debt placement fees declined 5%.
Operating profit was $0.65B, a 32.9% margin (up 3.5 points year over year). Of the extra revenue versus Q2 2025, 85% reached operating profit, above the 29% margin then. Total costs grew 1% against revenue growth of 7%. Net earnings were $0.51B, up 20% year over year. The effective tax rate was 21.5%.
Operating cash flow was $0.26B (down 79% year over year), 51% of net earnings. Non-cash charges added back $0.03B of share-based compensation. Working capital and other items used $0.28B. Capital expenditures of $0.03B left free cash flow of $0.23B.
Questions
What was Keycorp's revenue in the second quarter 2026?
Keycorp (KEY) reported revenue of $2.0B for the second quarter 2026 (Q2 2026), +7% from a year earlier and +0.6% from the quarter before.
Was Keycorp profitable in the second quarter 2026?
Operating profit was $647M (32.9% of revenue) and net earnings $509M.
Source: Keycorp 10-Q on SEC EDGAR.