Filing Flows › Keycorp (KEY) › Q3 2026
Keycorp (KEY) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Keycorp (KEY) reported revenue of $2.1B for the third quarter 2026 (Q3 2026), +8% from a year earlier and +4% from the quarter before. Operating margin was 36.0%, net earnings $579M (28.2% of revenue).
Keycorp, Q3 2026: revenue $2.1B (+8% year over year), operating margin 36.0%, net earnings $579M, operating cash flow $722M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +4% | +8% |
| Operating profit | $738M | +14% | +23% |
| Net earnings | $579M | +14% | +18% |
| Operating cash flow | $722M | +179% | +82% |
| Free cash flow | $684M | +194% | +86% |
What changed
Revenue was $2.1B in Q3 2026, up 8% year over year and up 4% from the previous quarter. Investment banking and debt placement fees was the largest line at 8% of revenue. Investment banking and debt placement fees added $0.04B year over year (up 33%), 27% of the total change.
Operating profit was $0.74B, a 36.0% margin (up 4.2 points year over year). Of the extra revenue versus Q3 2025, 87% reached operating profit, above the 32% margin then. Total costs grew 2% against revenue growth of 8%. Net earnings were $0.58B, up 18% year over year. The effective tax rate was 21.5%.
Operating cash flow was $0.72B (up 82% year over year), 125% of net earnings. Non-cash charges added back $0.04B of share-based compensation. Working capital and other items added $0.11B. Capital expenditures of $0.04B left free cash flow of $0.68B.
Questions
What was Keycorp's revenue in the third quarter 2026?
Keycorp (KEY) reported revenue of $2.1B for the third quarter 2026 (Q3 2026), +8% from a year earlier and +4% from the quarter before.
Was Keycorp profitable in the third quarter 2026?
Operating profit was $738M (36.0% of revenue) and net earnings $579M.
Source: Keycorp 10-Q on SEC EDGAR.