KeyCorp (KeyBank)
Financial Performance
KeyBank Revenue & Financials
Revenue
$6.6B (FY2024)
Employees
17,200
What is KeyBank's revenue?
KeyBank had $6.6B in revenue for fiscal year 2024, up 3.1% from 2023.
- Latest revenue
- $6.6B (FY2024)
- Year-over-year
- +3.1%
- Growth rate (CAGR)
- -3.3% over 3 years
- Peak revenue
- $7.3B (FY2021)
- Years of data
- 4
- Employees
- 17,200
- How many employees does KeyBank have?
- KeyBank has about 17,200 employees.
Financial Analysis
KeyCorp generated total revenue of $6.6 billion in 2024, supported by stabilized net interest margins and consistent middle-market advisory fees. In 2024, Bank of Nova Scotia (Scotiabank) agreed to make a transformative minority strategic equity investment of $2.8 billion for a 14.9% stake in KeyCorp, injecting substantial fresh Tier 1 common equity capital that accelerated balance sheet optimization and elevated liquidity ratios.
Revenue Trend Analysis
YoY Change
+3.1%
3-Year CAGR
-3.3%
Peak Year
2021
Trend
Declining Trend
KeyCorp (KeyBank) has 4 full fiscal year figures on this page, compounding at -3.3% annually over 3 years. The most recent year saw a 3.1% increase versus the prior year. Annual revenue peaked in fiscal year 2021 at $7.3B. Of 3 comparable year-over-year steps, 1 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | $6.6B | +3.1% |
| FY2023 | $6.4B | -11.1% |
| FY2022 | $7.2B | -1.4% |
| FY2021 | $7.3B | — |
Click any row to see year details.
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KeyBank Revenue and Financial FAQ
What was KeyCorp (KeyBank)'s revenue in 2021?
KeyCorp (KeyBank) achieved $6.6B in revenue for fiscal year 2021.
Is KeyCorp (KeyBank) profitable?
KeyCorp (KeyBank)'s financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is KeyCorp (KeyBank) growing?
KeyCorp (KeyBank) has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does KeyCorp (KeyBank) fund its capital expenditures?
KeyCorp (KeyBank) funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is KeyCorp (KeyBank)'s debt profile?
KeyCorp (KeyBank) maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does KeyCorp (KeyBank) reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "KeyBank Revenue & Financials." CorpDigest, https://corpdigest.com/company/keybank/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>KeyBank reported $6.6B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/keybank/financials" target="_blank" rel="noopener">CorpDigest — KeyBank financials</a></div>Related Financial Audits
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