How does KeyCorp (KEY) make money?

KeyCorp (KEY) generates revenue primarily from Trust And Investment Services, which accounted for 31.8% of total revenue in TTM through Q1 2026. The company reported $11.22B in revenue and converted 17.3% of it into net profit, equivalent to roughly $1.95B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of KeyCorp (KEY)?

KeyCorp (KEY) reported a gross profit margin of 64.2% in TTM through Q1 2026, equivalent to $7.20B in gross profit on $11.22B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of KeyCorp (KEY)?

KeyCorp (KEY) reported an operating profit margin of 22.2% in TTM through Q1 2026, equivalent to $2.49B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of KeyCorp (KEY)?

KeyCorp (KEY) reported a net profit margin of 17.3% in TTM through Q1 2026, equivalent to $1.95B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is KeyCorp (KEY) profitable?

Yes. KeyCorp (KEY) reported $1.95B in net income for TTM through Q1 2026, with a net profit margin of 17.3%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does KeyCorp (KEY) spend on capital expenditures?

KeyCorp (KEY) spent $109.00M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 1.0% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does KeyCorp (KEY) generate?

KeyCorp (KEY) generated $2.18B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 19.4%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of KeyCorp (KEY)?

KeyCorp (KEY) had an effective tax rate of 20.5% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of KeyCorp (KEY)?

KeyCorp (KEY) reports revenue across 5 reportable product segments, led by Trust And Investment Services at 31.8% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How KeyCorp Makes Money: 2026 Visual Revenue Map

KeyCorp (KEY) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 5, 2026).

KeyCorp discloses geographic revenue only in annual filings. to view the full breakdown.

KeyCorp (KEY) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for KeyCorp (KEY) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Trust And Investment Services	$3.57B	31.8%
Investment Banking And Debt Placement	$3.55B	31.7%
Cards And Payments	$2.14B	19.1%
Service Charges On Deposit Accounts	$1.90B	17%
Other Noninterest Income	$50.30M	0.4%
Total	$11.22B	100%

Trust And Investment Services$3.57B
Investment Banking And Debt Placement$3.55B
Cards And Payments$2.14B
Service Charges On Deposit Accounts$1.90B
Other Noninterest Income$50.30M
Total$11.22B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, KeyCorp (KEY) reports revenue across 5 operating segments; the largest segment was Trust And Investment Services at 31.8%, followed by Investment Banking And Debt Placement (31.7%) and Cards And Payments (19.1%).

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