Keycorp (KEY) Q2 FY2026 earnings: revenue $2.0 billion, up 6.8% on the year
Keycorp (KEY) reported revenue of $2.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 6.8% on the same quarter a year earlier. Net income was $509 million, up 19.8% on the year, and diluted earnings per share $0.44. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.
Revenue
$2.0 billion
+6.8% on the year · +0.6% on the quarter
Q3 FY2024Q2 FY2026
Operating margin
n/a
Q3 FY2024Q2 FY2026
Net income
$509 million
+19.8% on the year · -2.5% on the quarter
Q3 FY2024Q2 FY2026
Diluted EPS
$0.44
+25.7% on the year · 0.0% on the quarter
Q3 FY2024Q2 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 1 kept.
Net income up year over year: Income from continuing operations attributable to Key common shareholders was $472 million, or $0.44 per diluted share, down 2.9% from $486 million in the first quarter and up 22.0% from a year earlier. The headline gives 26% year-over-year growth.
Revenue grew 7% year over year: Total taxable-equivalent revenue was $1,964 million, up 6.7% from a year earlier and 0.6% from the first quarter. Noninterest income fell 2.4% sequentially to $706 million.
About 130 basis points operating leverage: Management said revenue grew 7% and generated about 130 basis points of operating leverage year over year. The supplement shows adjusted operating leverage of 1.28.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q2 FY2026
Q1 FY2026
Q2 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
259
-62.0
1,234
-79.0%
Capital expenditure
26.0
12.0
23.0
+116.7%
+13.0%
Free cash flow
233
-74.0
1,211
-80.8%
Cash from investing
-2,009
-4,592
2,728
Cash from financing
2,331
4,497
-4,105
-48.2%
Depreciation and amortisation
431
438
449
-1.6%
-4.0%
Share-based compensation
33.0
31.0
33.0
+6.5%
0.0%
Dividends paid
258
259
263
-0.4%
-1.9%
Dividend per share
$0.20
$0.20
$0.20
0.0%
0.0%
Diluted shares, weighted
1,080m
1,094m
1,107m
-1.3%
-2.5%
Shares outstanding at period end
1,067m
1,084m
1,097m
-1.6%
-2.7%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q2 FY2026
Q1 FY2026
Q2 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
19,798
19,987
19,484
-0.9%
+1.6%
Deposits
153,089
147,815
146,905
+3.6%
+4.2%
Repurchase agreements
5.0
34.0
20.0
-85.3%
-75.0%
Debt
14,652
17,060
14,837
-14.1%
-1.2%
Other liabilities
3,773
3,767
4,253
+0.2%
-11.3%
Total liabilities and equity
191,317
188,663
185,499
+1.4%
+3.1%
Goodwill
2,752
2,752
2,752
0.0%
0.0%
Intangible assets
3.0
5.0
18.0
-40.0%
-83.3%
Investments
12,416
11,782
11,564
+5.4%
+7.4%
Loans
108,985
107,741
104,943
+1.2%
+3.9%
Trading assets
936
783
1,374
+19.5%
-31.9%
Cash and equivalents
1,711
1,130
1,766
+51.4%
-3.1%
Other assets
64,514
64,470
63,082
+0.1%
+2.3%
Total assets
191,317
188,663
185,499
+1.4%
+3.1%
Questions
What was Keycorp's revenue in Q2 FY2026?
Keycorp (KEY) reported revenue of $2.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 6.8% on the same quarter a year earlier.
How much did Keycorp earn in Q2 FY2026?
Net income for Q2 FY2026 was $509 million, up 19.8% on the year, and diluted earnings per share $0.44.
When did Keycorp report Q2 FY2026 results?
Keycorp filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 4 August 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 June 2026, filed 4 August 2026: the filing.