Otis Worldwide Corp
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OTIS Q1 2026 request
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/api/financials?ticker=OTIS&year=2026&quarter=1
Pick an endpoint and run the request.Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 3,566 | 3,350 | +6.4% |
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| Product | 1,149 | 1,163 | -1.2% |
| Service | 2,417 | 2,187 | +10.5% |
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| New Equipment · Operating Segments | 1,149 | 1,163 | -1.2% |
| Service · Operating Segments | 2,417 | 2,187 | +10.5% |
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| Operating Segments | 3,566 | 3,350 | +6.4% |
| Cost of Revenue (Q) | — | — | — |
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| Product | 958 | 976 | -1.8% |
| Service | 1,526 | 1,373 | +11.1% |
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| New Equipment · Operating Segments | 956 | 962 | -0.6% |
| Service · Operating Segments | 1,525 | 1,363 | +11.9% |
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| Operating Segments | 2,481 | 2,325 | +6.7% |
| Research & Development | 38 | 37 | +2.7% |
| Selling, General & Administrative | 510 | 464 | +9.9% |
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| New Equipment · Operating Segments | 129 | 110 | +17.3% |
| Service · Operating Segments | 324 | 282 | +14.9% |
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| Operating Segments | 453 | 392 | +15.6% |
| Total Costs & Expenses | 3,032 | 2,850 | +6.4% |
| Other Operating Income Expense Net | 5 | -89 | +105.6% |
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| New Equipment · Operating Segments | 26 | 25 | +4.0% |
| Service · Operating Segments | 12 | 5 | +140.0% |
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| Operating Segments | 38 | 30 | +26.7% |
| Operating Income | 539 | 411 | +31.1% |
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| New Equipment · Operating Segments | 38 | 66 | -42.4% |
| Service · Operating Segments | 556 | 537 | +3.5% |
Show Reconciling Items [Axis] breakouts |
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| General corporate expenses and other · Corporate Non Segment | 44 | 43 | +2.3% |
| Other · Corporate Non Segment | 7 | 23 | -69.6% |
| Other, net · Corporate Non Segment | -1 | — | — |
| Separation-related adjustments · Corporate Non Segment | 5 | 52 | -90.4% |
Show Consolidation Items breakouts |
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| Operating Segments | 594 | 603 | -1.5% |
| Interest Income Expense Nonoperating Net | 59 | 45 | +31.1% |
| Income Before Taxes | 480 | 366 | +31.1% |
| Income Tax Expense (Benefit) | 127 | 110 | +15.5% |
| Net Income | 353 | 256 | +37.9% |
| Net Income Loss Attributable To Noncontrolling Interest | 13 | 13 | 0.0% |
| Net Income | 340 | 243 | +39.9% |
| EPS (Basic) | 0.88 | 0.61 | +44.3% |
| EPS (Diluted) | 0.87 | 0.61 | +42.6% |
| Wtd Avg Shares (Basic) | 388.1 | 396.6 | -2.1% |
| Wtd Avg Shares (Diluted) | 389.6 | 399.1 | -2.4% |
| Comprehensive Income | 394 | 117 | +236.8% |
| Net Income Loss Available To Common Stockholders Basic | 340 | 243 | +39.9% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 834 | 1,918 | -56.5% |
| Accounts Receivable | 3,920 | — | — |
| Contract With Customer Asset Net Current | 751 | 690 | +8.8% |
| Inventory | 669 | 586 | +14.2% |
| Other Assets Current | 290 | 671 | -56.8% |
| Total Current Assets | 6,464 | 7,435 | -13.1% |
| Non-Current Assets | |||
| Deferred Tax Assets | 400 | 305 | +31.1% |
| Property, Plant & Equipment | 744 | 708 | +5.1% |
| Operating Lease Right-of-Use Assets | 552 | 456 | +21.1% |
| Goodwill | 1,682 | 1,588 | +5.9% |
Show Business Segments breakouts |
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| New Equipment | 291 | 282 | +3.2% |
| Service | 1,391 | 1,306 | +6.5% |
| Other Non-Current Assets | 367 | 360 | +1.9% |
| Total Assets | 10,542 | 11,178 | -5.7% |
| Other Assets | |||
| Intangible Assets Net Excluding Goodwill | 333 | 326 | +2.1% |
| Current Liabilities | |||
| Debt Current | 939 | 1,483 | -36.7% |
| Accounts Payable | 1,975 | 1,618 | +22.1% |
| Accrued Liabilities | 1,710 | 1,921 | -11.0% |
| Deferred Revenue (Current) | 3,100 | 2,870 | +8.0% |
| Total Current Liabilities | 7,724 | 7,892 | -2.1% |
| Current Portion of Long-Term Debt | 695 | — | — |
| Non-Current Liabilities | |||
| Long-Term Debt | 6,879 | — | — |
| Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent | 416 | 432 | -3.7% |
| Operating Lease Liabilities | 400 | 319 | +25.4% |
| Deferred Tax Liabilities | 225 | 217 | +3.7% |
| Other Non-Current Liabilities | 333 | 386 | -13.7% |
| Total Liabilities | 15,977 | 16,169 | -1.2% |
| Long-Term Debt | 7,574 | — | — |
| Contract With Customer Liability Noncurrent | -30 | -38 | +21.1% |
| Other Liabilities | |||
| Redeemable Noncontrolling Interest Equity Carrying Amount | 74 | 62 | +19.4% |
| Stockholders' Equity | |||
| Common Stock | 332 | 278 | +19.4% |
| Treasury Stock Value | -4,601 | -3,646 | -26.2% |
| Retained Earnings | -378 | -889 | +57.5% |
| Accumulated Other Comprehensive Income | -1,033 | -871 | -18.6% |
| Total Stockholders' Equity | -5,680 | -5,128 | -10.8% |
| Minority Interest | 171 | 75 | +128.0% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | -5,509 | -5,053 | -9.0% |
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| Accumulated Defined Benefit Plans Adjustment | -35 | -75 | +53.3% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | 3 | 3 | 0.0% |
| Accumulated Other Comprehensive Income | -1,033 | -871 | -18.6% |
| Accumulated Translation Adjustment | -1,001 | -799 | -25.3% |
| Common Stock Including Additional Paid In Capital | 332 | 278 | +19.4% |
| Noncontrolling Interest | 171 | 75 | +128.0% |
| Parent | -5,680 | -5,128 | -10.8% |
| Retained Earnings | -378 | -889 | +57.5% |
| Treasury Stock Common | -4,601 | -3,646 | -26.2% |
| Total Liabilities & Equity | 10,542 | 11,178 | -5.7% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation Amortization And Accretion Net | 41 | 42 | -2.4% |
| Deferred Income Taxes | 4 | — | — |
| Stock-Based Compensation | 19 | 21 | -9.5% |
| Increase Decrease In Receivables | -229 | -104 | -120.2% |
| Increase Decrease In Contract With Customer Asset | 432 | 260 | +66.2% |
| Change in Inventory | -58 | -18 | -222.2% |
| Increase Decrease In Other Operating Assets | 137 | -2 | +6950.0% |
| Change in Accounts Payable | -176 | -281 | +37.4% |
| Increase Decrease In Accrued Liabilities | -117 | 12 | -1075.0% |
| Pension Contributions | -11 | -18 | +38.9% |
| Proceeds Payments From Other Operating Activities | 18 | 22 | -18.2% |
| Net Cash from Operations | 413 | 190 | +117.4% |
| Investing Activities | |||
| Payments To Acquire Productive Assets | -33 | -34 | +2.9% |
| Payments To Acquire Businesses Net Of Cash Acquired | -3 | -36 | +91.7% |
| Payments For Proceeds From Derivative Instrument Investing Activities | 49 | -93 | +152.7% |
| Other Investing Activities | 2 | 2 | 0.0% |
| Net Cash from Investing | 15 | -161 | +109.3% |
| Financing Activities | |||
| Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less | 29 | -11 | +363.6% |
| Repayments Of Long Term Debt | -135 | — | — |
| Payments Of Dividends Common Stock | -163 | -155 | -5.2% |
| Share Repurchases | -400 | -253 | -58.1% |
| Payments To Acquire Noncontrolling Interest Shares (Q) | — | — | — |
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| Noncontrolling Interest Shares | -10 | — | — |
| Payments Of Dividends Minority Interest | -3 | -2 | -50.0% |
| Proceeds From Payments For Other Financing Activities | -12 | -7 | -71.4% |
| Net Cash from Financing | -694 | -428 | -62.1% |
| Amortization of Financing Costs | 2 | 3 | -33.3% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 5 | 7 | -28.6% |
| Net Change in Cash | -261 | -392 | +33.4% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 844 | 1,929 | -56.2% |
| Restricted Cash | 10 | 11 | -9.1% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.