Filing Flows › Carrier Global (CARR) › How it makes money
How Carrier Global (CARR) makes money
Carrier Global (CARR) made $6.3B of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. Product brought in $5.6B (89%); Service brought in $678M (11%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product | $5.6B | 89.2% | -0.9% | +14% |
| Service | $678M | 10.8% | -5% | +0.7% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $6.3B | 100.0% |
| Income tax | $177M | 2.8% |
| Operating cash flow | $813M | 13.0% |
| Free cash flow | $674M | 10.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $6.3B | +12% |
| Q2 2026 | $6.4B | +4% |
| Q1 2026 | $5.3B | +2% |
| Q4 2025 | $4.8B | -6% |
| Q3 2025 | $5.6B | -7% |
| Q2 2025 | $6.1B | +3% |
| Q1 2025 | $5.2B | -4% |
From Carrier Global's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Carrier Global make money?
Carrier Global (CARR) made $6.3B of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. Product brought in $5.6B (89%); Service brought in $678M (11%).
What is Carrier Global's biggest business?
Product: $5.6B in the third quarter 2026, 89% of revenue, +14% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.