KeyCorp

KEY

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

9,055

Cost of Revenue

4,997

Gross Profit

4,058

Gross Margin

44.8%

Operating Income

-306

Operating Margin

-3.4%

Net Income

-161

Net Margin

-1.8%

EPS (Basic)

$-0.32

EPS (Diluted)

$-0.32

EBITDA

-233

EBITDA Margin

-2.6%

2023

12/31/2023

Revenue

10,229

Cost of Revenue

4,503

Gross Profit

5,726

Gross Margin

56.0%

Operating Income

1,160

Operating Margin

11.3%

Net Income

967

Net Margin

9.5%

EPS (Basic)

$0.88

EPS (Diluted)

$0.88

EBITDA

1,314

EBITDA Margin

12.8%

2022

12/31/2022

Revenue

7,911

Cost of Revenue

1,387

Gross Profit

6,524

Gross Margin

82.5%

Operating Income

2,333

Operating Margin

29.5%

Net Income

1,917

Net Margin

24.2%

EPS (Basic)

$1.95

EPS (Diluted)

$1.93

EBITDA

2,497

EBITDA Margin

31.6%

2021

12/31/2021

Revenue

7,334

Cost of Revenue

-122

Gross Profit

7,456

Gross Margin

101.7%

Operating Income

3,254

Operating Margin

44.4%

Net Income

2,625

Net Margin

35.8%

EPS (Basic)

$2.66

EPS (Diluted)

$2.63

EBITDA

3,286

EBITDA Margin

44.8%

2020

12/31/2020

Revenue

7,141

Cost of Revenue

1,672

Gross Profit

5,469

Gross Margin

76.6%

Operating Income

1,556

Operating Margin

21.8%

Net Income

1,343

Net Margin

18.8%

EPS (Basic)

$1.28

EPS (Diluted)

$1.27

EBITDA

1,667

EBITDA Margin

23.3%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	9,055	10,229	7,911	7,334	7,141
Cost of Revenue	4,997	4,503	1,387	-122	1,672
Gross Profit	4,058	5,726	6,524	7,456	5,469
Gross Margin	44.8%	56.0%	82.5%	101.7%	76.6%
Operating Income	-306	1,160	2,333	3,254	1,556
Operating Margin	-3.4%	11.3%	29.5%	44.4%	21.8%
Net Income	-161	967	1,917	2,625	1,343
Net Margin	-1.8%	9.5%	24.2%	35.8%	18.8%
EPS (Basic)	$-0.32	$0.88	$1.95	$2.66	$1.28
EPS (Diluted)	$-0.32	$0.88	$1.93	$2.63	$1.27
EBITDA	-233	1,314	2,497	3,286	1,667
EBITDA Margin	-2.6%	12.8%	31.6%	44.8%	23.3%