Operating Income for KeyCorp (KEY)
According to KeyCorp's latest reported financial statements, the company's current operating income (TTM) is $2.49B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

KEY
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$2.49B
YoY change
-852.9%
5Y CAGR
+8.2%
Peak year (2021)
$3.25B
Cumulative operating income
$41.10B
Operating Income history chart for KeyCorp (KEY) from 1985 to 2025
Operating Income history table for KeyCorp (KEY) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $2.30B | -852.9% | ||
| 2024 | -$306.00M | -126.4% | ||
| 2023 | $1.16B | -50.3% | ||
| 2022 | $2.33B | -28.3% | ||
| 2021 | $3.25B | +109.1% | ||
| 2020 | $1.56B | -23.0% | ||
| 2019 | $2.02B | -8.2% | ||
| 2018 | $2.20B | +14.3% | ||
| 2017 | $1.93B | +99.2% | ||
| 2016 | $968.00M | -20.8% | ||
| 2015 | $1.22B | -3.9% | ||
| 2014 | $1.27B | +11.5% | ||
| 2013 | $1.14B | +6.3% | ||
| 2012 | $1.07B | -19.4% | ||
| 2011 | $1.33B | +67.8% | ||
| 2010 | $793.00M | -134.5% | ||
| 2009 | -$2.30B | +170.4% | ||
| 2008 | -$850.00M | -168.3% | ||
| 2007 | $1.24B | -24.3% | ||
| 2006 | $1.64B | +7.7% | ||
| 2005 | $1.53B | +16.3% | ||
| 2004 | $1.31B | +5.6% | ||
| 2003 | $1.24B | -5.3% | ||
| 2002 | $1.31B | +406.6% | ||
| 2001 | $259.00M | -82.9% | ||
| 2000 | $1.52B | -9.9% | ||
| 1999 | $1.68B | +13.9% | ||
| 1998 | $1.48B | +10.0% | ||
| 1997 | $1.34B | +17.7% | ||
| 1996 | $1.14B | -1.2% | ||
| 1995 | $1.16B | -9.9% | ||
| 1994 | $1.28B | +140.0% | ||
| 1993 | $534.70M | +21.9% | ||
| 1992 | $438.60M | +87.4% | ||
| 1991 | $234.00M | +44.2% | ||
| 1990 | $162.30M | +11.5% | ||
| 1989 | $145.50M | +45.4% | ||
| 1988 | $100.10M | +10.1% | ||
| 1987 | $90.90M | +8.1% | ||
| 1986 | $84.10M | +39.5% | ||
| 1985 | $60.30M | — |
Operating Income values are taken from KeyCorp's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, KeyCorp (KEY) reported operating income of $2.30B – plunged 852.9% year-over-year.
Looking at the 2020–2025 (5 years) stretch, KeyCorp operating income compounded at +8.2% per year, with the latest reading among the more recent periods of the dataset.
KeyCorp operating income declined from $3.25B in 2021 to $2.30B in 2025, a 29.2% drawdown.
The highest annual operating income of $3.25B was reported in 2021. The lowest in the available history was -$2.30B in 2009.
KeyCorp (KEY) sits 9th of 8 Financial Services peers we track on this metric, against a peer median of $24.60B.
KeyCorp Operating Income by Year
KeyCorp Operating Income 2025: $2.30B
KeyCorp operating income in 2025 was $2.30B, plunged 852.9% below 2024.
KeyCorp Operating Income 2024: -$306.00M
KeyCorp operating income in 2024 was -$306.00M, plunged 126.4% below 2023.
KeyCorp Operating Income 2023: $1.16B
KeyCorp operating income in 2023 was $1.16B, plunged 50.3% below 2022.
KeyCorp Operating Income 2022: $2.33B
KeyCorp operating income in 2022 was $2.33B, declined 28.3% below 2021.
KeyCorp Operating Income 2021: $3.25B
KeyCorp operating income in 2021 was $3.25B.
See more financial history for KeyCorp (KEY).
Sector peers — Operating Income
Companies in the same sector as KeyCorp, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $72.59B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $59.54B | Financial Services |
| Bank of America Corporation (BAC) | $37.70B | Financial Services |
| Wells Fargo & Company (WFC) | $25.20B | Financial Services |
| Visa Inc. (V) | $23.99B | Financial Services |
| Morgan Stanley (MS) | $21.95B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $21.85B | Financial Services |
| Mastercard Incorporated (MA) | $19.40B | Financial Services |
Frequently asked questions
What is KeyCorp's operating income?
- Latest reported operating income for KeyCorp (KEY) is $2.49B (period ending March 31, 2026).
How has KeyCorp operating income changed year-over-year?
- KeyCorp (KEY) operating income changed -852.9% year-over-year on the latest annual filing.
What is the long-term growth rate of KeyCorp operating income?
- KeyCorp (KEY) operating income compound annual growth rate is +8.2% over the most recent 5 years available.
When did KeyCorp operating income hit its highest annual value?
- KeyCorp operating income reached its highest annual value of $3.25B in 2021.
What was KeyCorp operating income in 2024?
- KeyCorp (KEY) operating income in 2024 was -$306.00M.
What was KeyCorp operating income in 2025?
- KeyCorp (KEY) operating income in 2025 was $2.30B.
Metrics overview
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