Filing Flows › Otis Worldwide (OTIS) › Q1 2026
Otis Worldwide (OTIS) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 23, 2026
Otis Worldwide (OTIS) reported revenue of $3.6B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -6% from the quarter before. Operating margin was 15.1%, net earnings $340M (9.5% of revenue).
Otis Worldwide, Q1 2026: revenue $3.6B (+6% year over year), operating margin 15.1%, net earnings $340M, operating cash flow $413M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6B | -6% | +6% |
| Operating profit | $539M | -8% | +31% |
| Net earnings | $340M | -9% | +40% |
| Operating cash flow | $413M | -49% | +117% |
| Free cash flow | $380M | -51% | +144% |
What changed
Revenue was $3.6B in Q1 2026, up 6% year over year and down 6% from the previous quarter. Service sales was the largest line at 68% of revenue. Service sales added $0.23B year over year (up 11%), 106% of the total change. Product declined 1%.
Operating profit was $0.54B, a 15.1% margin (up 2.8 points year over year). Of the extra revenue versus Q1 2025, 59% reached operating profit, above the 12% margin then. Total costs grew 3% against revenue growth of 6%. Net earnings were $0.34B, up 40% year over year. The effective tax rate was 26.5%.
Operating cash flow was $0.41B (up 117% year over year), 117% of net income including minority interests. Non-cash charges added back $0.04B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.03B left free cash flow of $0.38B.
Questions
What was Otis Worldwide's revenue in the first quarter 2026?
Otis Worldwide (OTIS) reported revenue of $3.6B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -6% from the quarter before.
Was Otis Worldwide profitable in the first quarter 2026?
Operating profit was $539M (15.1% of revenue) and net earnings $340M.
Source: Otis Worldwide 10-Q on SEC EDGAR.