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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 .

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 yearPeriod endedReportedOperating IncomeYoY
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.

CompanyOperating IncomeSector
JPMorgan Chase & Co. (JPM)$72.59BFinancial Services
Berkshire Hathaway Inc. (BRK-B)$59.54BFinancial Services
Bank of America Corporation (BAC)$37.70BFinancial Services
Wells Fargo & Company (WFC)$25.20BFinancial Services
Visa Inc. (V)$23.99BFinancial Services
Morgan Stanley (MS)$21.95BFinancial Services
The Goldman Sachs Group, Inc. (GS)$21.85BFinancial Services
Mastercard Incorporated (MA)$19.40BFinancial 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

Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.