KeyCorp (KEY) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter ended September 30, 2023 decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The decline from the prior year was more pronounced than the modest sequential decrease.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter ended September 30, 2023 decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The decline from the prior year was more pronounced than the modest sequential decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$347M
Revenue reported for this quarter.
Quarter-over-quarter
-0.3%
Change from the immediately preceding quarter.
Year-over-year
-8.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.5B
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 |
|---|---|---|
| Dec 31, 2022 | $457M | -92.4% |
| Mar 31, 2023 | $375M | -7.2% |
| Jun 30, 2023 | $348M | -13.2% |
| Sep 30, 2023 | $347M | -8.0% |
Revenue performance
The reported revenue continued a downward trajectory that has persisted over the past several quarters. The current quarter’s revenue was slightly below the level of the prior quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue edged lower. Relative to the same quarter one year ago, the revenue decline was substantially larger, reflecting a more significant year-over-year contraction.
What to watch
Revenue has declined sequentially for three consecutive quarters; the trend may be monitored for a potential stabilization or further change.