KeyCorp (KEY) financial statements
KeyCorp reported revenue of $1.7B in fiscal 2025, down 11.1% a year over 9 years.
Net income was $1.8B.
Free cash flow was $2.1B, and the company returned $1.1B in dividends.
The diluted share count rose 18% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from KeyCorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0B | $6.3B | $1.3B | $1.3B | $1.4B | $1.8B | $1.6B | $1.4B | $1.6B | $1.7B |
| Interest expense | $400M | $613M | $969M | $1.3B | $651M | $296M | $885M | $4.0B | — | — |
| Pre-tax income | $968M | $1.9B | $2.2B | $2.0B | $1.6B | $3.3B | $2.3B | $1.2B | -$306M | $2.3B |
| Income tax | $179M | $637M | $344M | $314M | $227M | $642M | $422M | $196M | -$143M | $476M |
| Net income | $791M | $1.3B | $1.9B | $1.7B | $1.3B | $2.6B | $1.9B | $967M | -$161M | $1.8B |
| EPS (diluted) | $0.80 | $1.13 | $1.71 | $1.62 | $1.27 | $2.63 | $1.93 | $0.88 | -$0.32 | $1.52 |
| Diluted shares | 939M | 1.09B | 1.05B | 1.00B | 975M | 957M | 933M | 933M | 950M | 1.11B |
| Net margin | 15.7% | 20.5% | 141.8% | 131.9% | 94.0% | 144.0% | 120.3% | 67.4% | -9.8% | 104.6% |
Balance sheet
Fiscal years, from KeyCorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $3.5B | $5.1B | $3.2B | $2.0B | $17.3B | $11.9B | $3.3B | $11.8B | $19.2B | $11.4B |
| Property, plant and equipment | $978M | $930M | $882M | $814M | $753M | $681M | $636M | $661M | $614M | $628M |
| Goodwill | $2.4B | $2.5B | $2.5B | $2.7B | $2.7B | $2.7B | $2.8B | $2.8B | $2.8B | $2.8B |
| Total assets | $136.5B | $137.7B | $139.6B | $145.0B | $170.3B | $186.3B | $189.8B | $188.3B | $187.2B | $184.4B |
| Total liabilities | $121.2B | $122.7B | $124.0B | $128.0B | $152.4B | $168.9B | $176.4B | $173.6B | $169.0B | $164.0B |
| Shareholders' equity | $15.2B | $15.0B | $15.6B | $17.0B | $18.0B | $17.4B | $13.5B | $14.6B | $18.2B | $20.4B |
| Net debt | -$677M | -$671M | -$678M | -$732M | -$1.1B | -$913M | -$887M | -$941M | -$1.7B | -$1.3B |
Cash flow
Fiscal years, from KeyCorp's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.7B | $1.8B | $2.5B | $2.9B | $1.7B | $1.2B | $4.5B | $2.9B | $664M | $2.2B |
| Capital spending | $145M | $112M | $99M | $85M | $63M | $66M | $96M | $142M | $65M | $107M |
| Free cash flow | $1.5B | $1.7B | $2.4B | $2.8B | $1.6B | $1.1B | $4.4B | $2.8B | $599M | $2.1B |
| Stock-based compensation | $99M | $100M | $99M | $96M | $101M | $104M | $120M | $121M | $104M | $132M |
| Dividends paid | $335M | $480M | $656M | $804M | $829M | $823M | $854M | $911M | $927M | $1.1B |
| Share buybacks (net) | -$140M | -$664M | -$1.1B | -$835M | -$134M | -$585M | $0 | $0 | — | — |
| Net borrowing | $225M | $805M | -$574M | -$1.5B | $1.1B | -$1.6B | $16.7B | -$6.2B | -$7.4B | -$2.5B |
| Free cash flow margin | 30.7% | 27.0% | 182.9% | 216.7% | 112.7% | 59.6% | 274.3% | 192.4% | 36.5% | 120.1% |
| Dividends per share | $0.36 | $0.44 | $0.62 | $0.80 | $0.85 | $0.86 | $0.92 | $0.98 | $0.98 | $0.95 |
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Open KEY in InvestinglyQuestions
What was KeyCorp's revenue in 2025?
$1.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does KeyCorp generate?
$2.1B in fiscal 2025 (operating cash flow minus capital spending).
From KeyCorp's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.