Otis Worldwide Corporation (OTIS) Revenue History
Annual and quarterly revenue from 2017 to present
OTIS Revenue Over Time (2017–2025)
OTIS Revenue Growth History
6 of 8 years with positive growth- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- +4.8%
- FY2019 revenue growth
- +1.6%
- FY2020 revenue growth
- -2.8%
- FY2021 revenue growth
- +12.1%
- FY2022 revenue growth
- -4.3%
- FY2023 revenue growth
- +3.8%
- FY2024 revenue growth
- +0.4%
- FY2025 revenue growth
- +1.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $3.57B | +6.4% |
| Q4 2025 | $3.80B | +3.3% |
| Q3 2025 | $3.69B | +4.0% |
| Q2 2025 | $3.60B | -0.2% |
| Q1 2025 | $3.35B | -2.5% |
| Q4 2024 | $3.67B | +1.5% |
| Q3 2024 | $3.55B | +0.7% |
| Q2 2024 | $3.60B | -3.2% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
OTIS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
OTIS Revenue Analysis (2017–2025)
Current Revenue & Growth
As of June 22, 2026, Otis Worldwide Corporation (OTIS) generated trailing twelve-month (TTM) revenue of $14.65 billion, reflecting solid growth of +6.4% year-over-year. The most recent quarter (Q1 2026) recorded $3.57 billion in revenue, down 6.1% sequentially.
Historical Growth Trajectory
OTIS's 5-year compound annual growth rate (CAGR) stands at +2.5%, indicating moderate growth over time. The 3-year CAGR of +1.8% is below the 5-year average, signalling a growth deceleration in recent years. Otis Worldwide Corporation's highest annual revenue of $14.43 billion was recorded in 2025, an all-time high.
Revenue by Segment
OTIS's revenue is primarily driven by Services (65%), and New Equipment (35%). With over half of revenue concentrated in Services, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including CARR (-1.9% YoY), TT (+6.4% YoY), and JCI (+5.1% YoY) — OTIS has outperformed the peer group in revenue growth. Compare OTIS vs CARR →
OTIS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| OTISCurrent | $14.6B | +6.4% | +2.5% | 14.8% | |
 CARR | $21.7B | -1.9% | +4.5% | 9.9% | |
 TT | $21.3B | +6.4% | +11.4% | 18.6% | |
 JCI | $23.6B | +5.1% | +1.1% | 12.0% | |
 ALLE | $4.1B | +8.9% | +8.4% | 21.1% | |
 FELE | $2.1B | +8.0% | +11.3% | 12.7% |
OTIS Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $14.43B | +1.2% | $4.37B | 30.3% | $2.13B | 14.8% |
| 2024 | $14.26B | +0.4% | $4.26B | 29.9% | $2.01B | 14.1% |
| 2023 | $14.21B | +3.8% | $4.19B | 29.5% | $2.19B | 15.4% |
| 2022 | $13.69B | -4.3% | $3.92B | 28.6% | $2.03B | 14.9% |
| 2021 | $14.30B | +12.1% | $4.19B | 29.3% | $2.11B | 14.7% |
| 2020 | $12.76B | -2.8% | $3.78B | 29.6% | $1.64B | 12.8% |
| 2019 | $13.12B | +1.6% | $3.83B | 29.2% | $1.81B | 13.8% |
| 2018 | $12.91B | +4.8% | $3.73B | 28.9% | $1.83B | 14.2% |
| 2017 | $12.32B | - | $3.70B | 30.0% | $1.92B | 15.5% |
Full Stock Analysis
Deep dive into OTIS consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
9+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
OTIS — Frequently Asked Questions
Quick answers to the most common questions about buying OTIS stock.
Is OTIS's revenue growth accelerating or slowing?
OTIS revenue growth is holding steady at +6.4% year-over-year. TTM revenue is $14.6B. The current growth rate closely tracks the 5-year CAGR of +2.5%, signalling consistent execution.
What is OTIS's revenue history from 2017 to 2026?
Otis Worldwide Corporation (OTIS) revenue history spans 2017 to 2026. TTM revenue as of 2026 is $14.6B, growing at +6.4% YoY. The 5-year CAGR is +2.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is OTIS's long-term revenue growth rate (CAGR)?
Otis Worldwide Corporation's 5-year revenue CAGR of +2.5% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +6.4% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for OTIS.
Why does OTIS's quarterly revenue fluctuate?
OTIS quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Otis Worldwide Corporation's revenue data from 2017 to 2026 shows full historical quarterly detail on this page.
How is OTIS's revenue distributed by segment?
OTIS reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does OTIS's revenue compare to industry peers?
Otis Worldwide Corporation (OTIS) with TTM revenue of $14.6B and +6.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.