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Otis Worldwide (OTIS) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Otis Worldwide (OTIS) Q3 2026 earnings results →

Q3 2026 Revenue up 6% year over year to $3.9B · 11¢ of every $1 of revenue kept as net profit · operating margin 15.8%

Otis Worldwide made $3.9B in Q3 2026 (+6% Y/Y): Service sales $2.6B, Product $1.3B. Operating margin 15.8%, net earnings $414M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$3.9B
Year over year+6%
Operating margin15.8%
Net earnings$414M
Operating cash flow$337M

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Otis Worldwide Q3 2026 revenue breakdown: Sankey diagram of revenue (Service sales, Product), costs, profit and cash flow
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What changed this quarter

Revenue was $3.9B in Q3 2026, up 6% year over year and up 1% from the previous quarter. Service sales was the largest line at 67% of revenue. Service sales added $0.18B year over year (up 8%), 82% of the total change.

Operating profit was $0.62B, a 15.8% margin (unchanged year over year). Of the extra revenue versus Q3 2025, 15% reached operating profit, below the 16% margin then. Total costs grew 6% against revenue growth of 6%. The fastest-growing cost line was Research & development (+11%). Net earnings were $0.41B, up 11% year over year. The effective tax rate was 22.8%.

Operating cash flow was $0.34B (down 10% year over year), 79% of net income including minority interests. Non-cash charges added back $0.04B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.15B. Capital expenditures of $0.04B left free cash flow of $0.30B.

Quarterly history

Otis Worldwide revenue by quarterOtis Worldwide revenue by quarter$3.4BQ1 2025$3.6BQ2 2025$3.7BQ3 2025$3.8BQ4 2025$3.6BQ1 2026$3.9BQ2 2026$3.9BQ3 2026
Otis Worldwide net earnings by quarterOtis Worldwide net earnings by quarter$243MQ1 2025$393MQ2 2025$374MQ3 2025$374MQ4 2025$340MQ1 2026$428MQ2 2026$414MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 29, 2026$3.9B+6%15.8%$414M$337M
Q2 202610-QJul 23, 2026$3.9B+7%14.9%$428M$267M
Q1 202610-QApr 23, 2026$3.6B+6%15.1%$340M$413M
Q4 202510-KFeb 5, 2026$3.8B+3%15.5%$374M$817M
Q3 202510-QOct 30, 2025$3.7B+4%15.9%$374M$374M
Q2 202510-QJul 24, 2025$3.6B-0.2%15.2%$393M$215M
Q1 202510-QApr 24, 2025$3.4B-2%12.3%$243M$190M

Charts

Otis Worldwide: revenue growth, year over year and quarter over quarterOtis Worldwide: revenue growth, year over year and quarter over quarterY/YQ/Q-2%Q1 20250%+7%Q2 2025+4%+3%Q3 2025+3%+3%Q4 2025+6%-6%Q1 2026+7%+8%Q2 2026+6%+1%Q3 2026
Latest (Q3 2026): Y/Y +6%, Q/Q +1%.
Otis Worldwide: where the cash came from (+) and went (−), TTM to Q3 2026Otis Worldwide: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$1.8BBuybacks−$807MDividends−$662MOther financing−$253MNet borrowing (+) / repaid (−)$245MAcquisitions−$212MCapital spending−$161MOther investing$62.0MPartners−$51.0MAsset & business sales$26.0MCash drawn (+) / kept (−)−$25.0MExchange rates$4.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Otis Worldwide: profit against cash, quarter by quarterOtis Worldwide: profit against cash, quarter by quarterNet incomeOperating cash flow$353M$690MQ4 2024$256M$190MQ1 2025$423M$215MQ2 2025$392M$374MQ3 2025$384M$817MQ4 2025$353M$413MQ1 2026$449M$267MQ2 2026$426M$337MQ3 2026
Latest (Q3 2026): Net income $426M, Operating cash flow $337M.
Otis Worldwide: diluted shares by fiscal yearOtis Worldwide: diluted shares by fiscal year435MFY2020431MFY2021423MFY2022415MFY2023404MFY2024395MFY2025
-9.1% since FY2020: buybacks shrank the count.
Otis Worldwide: long-term debt falling due (FY2025)Otis Worldwide: long-term debt falling due (FY2025)$842M2026$1.5B2027$750M2028$1.5B2030$3.2BLater
Cash $1.1B, short-term investments —, long-term debt $7.7B at 2025-12-31.
Otis Worldwide in its industry: growth against margin (5 companies, SIC 3600)Otis Worldwide in its industry: growth against margin (5 companies, SIC 3600)revenue growth, year over year →↑ operating marginmedian +16%median 16%GEGEVEMRTRNROTIS (+6%, 16%)
Electronic & Other Electrical Equipment (No Computer Equip); dot size is quarterly revenue; dashed lines are the industry's medians.

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About Otis Worldwide

Otis is t he world’s leading elevator and escalator manufacturing, installation, service and modernization company. We serve customers in ov er 200 countries and territories around t he world. Otis has global scale and local focus, with more than 1,400 branc hes and offices, and a direct physical presence in more than 70 co untries. The following description of our busin ess should be read in conjunction with Item 7 in this Form 10-K, including the information contained therein under the heading "Business Overview."

In its own words, from its 10-K, filed Feb 5, 2026.

Otis Worldwide against its Electronic & Other Electrical Equipment (No Computer Equip) peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +16%. Operating margin: 15.8% against the peers' median 15.8%.

CompanyQuarterRevenueY/YOp. margin
OTIS Otis WorldwideQ3 2026$3.9B+6%15.8%
GE General ElectricQ3 2026$14.1B+16%16.8%
GEV GE VernovaQ3 2026$12.6B+27%11.0%
EMR Emerson ElectricQ3 FY26$4.9B+7%18.8%
TRNR Interactive StrengthQ2 2026$6.6M+445%-50.7%

Source: Otis Worldwide 10-Q on SEC EDGAR · CIK 1781335 · Electronic & Other Electrical Equipment (No Computer Equip)

Guidance and outlook

Otis Worldwide Revenue: guidance against what was reportedOtis Worldwide Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2024$14.3BFY2025$14.4BFY2026
Met or beat 1 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns OTIS and who is buying

Largest holders of OTIS (13F)Largest holders of OTIS (13F)Vanguard Group$4.2BBlackRock$2.3BVanguard Capital Management LLC$1.8BVanguard Portfolio Management LLC$1.4BState Street$1.2BGeode Capital Management, LLC$906MFranklin Resources$844MMorgan Stanley$785MFMR LLC$724MClearbridge Investments, LLC$534M
Funds' net buying of OTIS by quarter (13F)Funds' net buying of OTIS by quarter (13F)−$147M2024-09−$33.8M2024-12−$981M2025-03$1.2B2025-06$741M2025-09$3.8B2025-12−$2.7B2026-03$283M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on OTIS

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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