Otis Worldwide Corporation (OTIS) Income Statement
OTIS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsOTIS revenue and net income
Where OTIS's revenue goes
2025Each bar shows an amount and its share of revenue. OTIS kept 9.6% of revenue as net income.
OTIS profit margins
OTIS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.2% | +1.8% | +2.5% | — |
| Gross profit | +2.7% | +3.7% | +2.9% | — |
| Operating income | +6.2% | +1.6% | +5.4% | — |
| Net income | −15.9% | +3.4% | +8.8% | — |
| EPS (diluted) | +5.7% | +8.4% | +12.1% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OTIS quarterly EPS vs estimates
Otis beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 28, 2026 (estimate $1.00).
OTIS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.43B | $14.26B | $14.21B | $13.69B | $14.30B | $12.76B | $13.12B | $12.91B | $12.32B |
| Cost of revenue | $10.06B | $10.00B | $10.02B | $9.77B | $10.11B | $8.98B | $9.29B | $9.19B | $8.62B |
| Gross profit | $4.37B | $4.26B | $4.19B | $3.92B | $4.19B | $3.78B | $3.83B | $3.73B | $3.70B |
| Research & development | $152.0M | $152.0M | $144.0M | $150.0M | $159.0M | $152.0M | $163.0M | $181.0M | $175.0M |
| Sales, general & admin | $1.89B | $1.82B | $1.83B | $1.76B | $1.95B | $1.92B | $1.81B | $1.74B | $1.65B |
| Total operating expenses | $2.24B | $2.25B | $2.03B | $1.89B | $2.08B | $2.14B | $2.01B | $1.89B | $1.79B |
| Operating income | $2.13B | $2.01B | $2.19B | $2.03B | $2.11B | $1.64B | $1.81B | $1.83B | $1.92B |
| Interest income | — | — | — | — | — | $122.0M | $53.0M | $51.0M | $61.0M |
| Interest expense | $196.0M | $31.0M | $150.0M | $143.0M | $136.0M | $122.0M | $39.0M | $37.0M | $40.0M |
| Income before taxes | $1.93B | $2.04B | $2.03B | $1.89B | $1.96B | $1.51B | $1.86B | $1.89B | $1.96B |
| Income taxes | $479.0M | $305.0M | $533.0M | $519.0M | $541.0M | $455.0M | $594.0M | $683.0M | $1.15B |
| Net income | $1.38B | $1.65B | $1.41B | $1.25B | $1.25B | $906.0M | $1.12B | $1.05B | $636.0M |
| EBITDA | $2.31B | $2.23B | $2.19B | $2.26B | $2.30B | $1.83B | $1.99B | $2.02B | $2.17B |
| EPS (diluted) | $4.05 | $3.83 | $3.54 | $3.18 | $3.00 | $2.29 | $0.47 | $2.42 | — |
| Gross margin | 30.3% | 29.9% | 29.5% | 28.6% | 29.3% | 29.6% | 29.2% | 28.9% | 30.0% |
| Operating margin | 14.8% | 14.1% | 15.4% | 14.9% | 14.7% | 12.8% | 13.8% | 14.2% | 15.5% |
| Net margin | 9.6% | 11.5% | 9.9% | 9.2% | 8.7% | 7.1% | 8.5% | 8.1% | 5.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.86B | $3.57B | $3.80B | $3.69B | $3.60B | $3.35B | $3.67B | $3.55B | $3.60B | $3.44B | $3.62B | $3.52B |
| Cost of revenue | $2.72B | $2.48B | $2.65B | $2.56B | $2.51B | $2.35B | $2.60B | $2.47B | $2.52B | $2.41B | $2.55B | $2.48B |
| Gross profit | $1.14B | $1.08B | $1.15B | $1.13B | $1.09B | $1.00B | $1.07B | $1.08B | $1.08B | $1.03B | $1.07B | $1.05B |
| Research & development | $39.0M | $38.0M | $41.0M | $36.0M | $38.0M | $37.0M | $37.0M | $40.0M | $39.0M | $36.0M | $37.0M | $36.0M |
| Sales, general & admin | $520.0M | $510.0M | $426.0M | $504.0M | $499.0M | $464.0M | $452.0M | $455.0M | $449.0M | $462.0M | $497.0M | $452.0M |
| Total operating expenses | $561.0M | $543.0M | $558.0M | $547.0M | $542.0M | $590.0M | $541.0M | $715.0M | $509.0M | $484.0M | $546.0M | $475.0M |
| Operating income | $575.0M | $539.0M | $589.0M | $586.0M | $547.0M | $411.0M | $531.0M | $363.0M | $570.0M | $544.0M | $522.0M | $571.0M |
| Interest expense | $26.0M | $59.0M | $64.0M | $61.0M | $26.0M | $45.0M | $48.0M | $150.0M | $27.0M | $44.0M | $41.0M | $39.0M |
| Income before taxes | $547.0M | $480.0M | $526.0M | $521.0M | $521.0M | $366.0M | $483.0M | $512.0M | $544.0M | $500.0M | $477.0M | $532.0M |
| Income taxes | $98.0M | $127.0M | $142.0M | $129.0M | $98.0M | $110.0M | $130.0M | −$45.0M | $94.0M | $126.0M | $133.0M | $137.0M |
| Net income | $428.0M | $340.0M | $374.0M | $374.0M | $393.0M | $243.0M | $337.0M | $540.0M | $415.0M | $353.0M | $323.0M | $376.0M |
| EBITDA | $615.0M | $580.0M | $635.0M | $626.0M | $591.0M | $453.0M | $622.0M | $410.0M | $612.0M | $588.0M | $566.0M | $617.0M |
| EPS (diluted) | $1.01 | $0.89 | $1.03 | $1.05 | $1.05 | $0.92 | $0.93 | $0.96 | $1.06 | $0.88 | $0.87 | $0.95 |
| Gross margin | 29.4% | 30.3% | 30.2% | 30.7% | 30.3% | 29.9% | 29.2% | 30.4% | 30.0% | 29.9% | 29.5% | 29.7% |
| Operating margin | 14.9% | 15.1% | 15.5% | 15.9% | 15.2% | 12.3% | 14.4% | 10.2% | 15.8% | 15.8% | 14.4% | 16.2% |
| Net margin | 11.1% | 9.5% | 9.9% | 10.1% | 10.9% | 7.3% | 9.2% | 15.2% | 11.5% | 10.3% | 8.9% | 10.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in OTIS's financial statements (latest annual report filed February 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OTIS financial results
In fiscal year 2025 (ended December 31, 2025), Otis reported revenue of $14.4 billion, up 1.2% from the year before. It had net income of $1.4 billion (down 15.9%), a net profit margin of 9.6%. Diluted earnings per share came to $4.05. Over five years revenue grew at an average rate of 2.5% a year.
See the OTIS stock overview for the latest quote and news, or the OTIS chart for price history and technical indicators.
OTIS income statement FAQ
What is Otis's annual revenue?
Otis reported total revenue of $14.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 1.2% from $14.3 billion the previous year.
Is Otis profitable?
Yes. Otis reported net income of $1.4 billion in fiscal 2025, a net profit margin of 9.6%; its operating margin was 14.8%.
What is Otis's gross margin?
Otis's gross margin was 30.3% in fiscal 2025: for every $100 of revenue, Otis kept $30 after the direct cost of its products and services.
How much does Otis spend on research and development?
Otis spent $152.0 million on research and development in fiscal 2025, 1.1% of revenue.
How fast is Otis growing?
Revenue grew 2.5% a year on average over the last five fiscal years, from $12.8 billion to $14.4 billion.
What are Otis's earnings per share?
Otis earned $4.05 per diluted share in fiscal 2025, compared with $3.83 a year earlier.
When will Otis report its next earnings?
Otis is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does Otis's fiscal year end?
Otis's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 5, 2026.