Filing Flows › Keycorp (KEY) › Q3 2026 › vs Q2 2026
Keycorp (KEY) Q3 2026 vs Q2 2026 (quarter over quarter)
Keycorp's revenue rose $88.0M (+4%) from $2.0B in Q2 2026 to $2.1B in Q3 2026. The biggest changes: Investment banking and debt placement fees +$49.0M (+40%); Other revenues +$31.0M (+2%); Trust and investment services income +$5.0M (+3%). Operating margin 36.0% against 32.9% (+3.0 pts).
Keycorp, Q3 2026: revenue $2.1B (+8% year over year), operating margin 36.0%, net earnings $579M, operating cash flow $722M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 36.0% | 32.9% | +3.0 pts |
| Net margin | 28.2% | 25.9% | +2.3 pts |
| Free cash flow margin | 33.3% | 11.9% | +21.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Investment banking and debt placement fees | $172M | $123M | $49.0M | +40% |
| Trust and investment services income | $159M | $154M | $5.0M | +3% |
| Cards and payments income | $93.0M | $92.0M | $1.0M | +1% |
| Service charges on deposit accounts | $79.0M | $77.0M | $2.0M | +3% |
| Other noninterest income | $3.0M | $3.0M | $0 | 0% |
| Other revenues | $1.5B | $1.5B | $31.0M | +2% |
| Revenue | $2.1B | $2.0B | $88.0M | +4% |
| Operating profit | $738M | $647M | $91.0M | +14% |
| Costs & expenses | $1.3B | $1.3B | −$3.0M | -0.2% |
| Pre-tax earnings | $738M | $647M | $91.0M | +14% |
| Sales & marketing | $23.0M | $22.0M | $1.0M | +5% |
| Other operating costs | $1.3B | $1.3B | −$4.0M | -0.3% |
| Net earnings | $579M | $509M | $70.0M | +14% |
| Income tax | $159M | $139M | $20.0M | +14% |
| Share-based compensation | $36.0M | $33.0M | $3.0M | +9% |
| Working capital & other | $107M | −$283M | $390M | — |
| Operating cash flow | $722M | $259M | $463M | +179% |
| Free cash flow (OCF − capex) | $684M | $233M | $451M | +194% |
| Capital expenditures | $38.0M | $26.0M | $12.0M | +46% |
Questions
How much did Keycorp's revenue grow quarter over quarter in Q3 2026?
Keycorp's revenue rose $88.0M (+4%) from $2.0B in Q2 2026 to $2.1B in Q3 2026.
What drove Keycorp's revenue change in Q3 2026?
Investment banking and debt placement fees +$49.0M (+40%); Other revenues +$31.0M (+2%); Trust and investment services income +$5.0M (+3%).