KeyCorp (KEY) Revenue — Quarter Ended Mar 31, 2023
Revenue for the reported quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a reversal of the increase seen in the prior period.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the reported quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a reversal of the increase seen in the prior period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$375M
Revenue reported for this quarter.
Quarter-over-quarter
-17.9%
Change from the immediately preceding quarter.
Year-over-year
-7.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $401M | -8.0% |
| Sep 30, 2022 | $377M | -23.1% |
| Dec 31, 2022 | $457M | -92.4% |
| Mar 31, 2023 | $375M | -7.2% |
Revenue performance
Revenue in the reported quarter was lower than in the prior quarter and also lower than in the same quarter of the previous year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased. Compared with the same quarter one year earlier, revenue also decreased.
What to watch
The sequential decline from the prior quarter, combined with the year-over-year drop, warrants attention to the revenue trajectory.