Otis Worldwide income statement
In fiscal 2025, Otis Worldwide reported revenue of $14.43bn, up 1.2% on the year before, operating income of $2.13bn (a 14.8% margin) and net income of $1.38bn, or $3.50 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12.9 | 13.1 | 12.8 | 14.3 | 13.7 | 14.2 | 14.3 | 14.4 | 15.1 |
| Research and development | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 |
| Selling, general and administrative | 1.7 | 1.8 | 1.9 | 1.9 | 1.8 | 1.9 | 1.9 | 2.0 | 2.0 |
| Operating income | 1.8 | 1.8 | 1.6 | 2.1 | 2.0 | 2.2 | 2.0 | 2.1 | 2.3 |
| Interest expense | — | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 |
| Net interest income | 0.0 | 0.0 | −0.1 | −0.1 | −0.1 | −0.2 | — | — | — |
| Income before tax | 1.9 | 1.9 | 1.5 | 2.0 | 1.9 | 2.0 | 2.0 | 1.9 | 2.1 |
| Income tax | 0.7 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.3 | 0.5 | 0.5 |
| Net income | 1.0 | 1.1 | 0.9 | 1.2 | 1.3 | 1.4 | 1.6 | 1.4 | 1.6 |
| Diluted EPS | $2.42 | $2.55 | $2.08 | $2.89 | $2.96 | $3.39 | $4.07 | $3.50 | $4.02 |
| Diluted shares (average) | 433m | 433m | 435m | 431m | 423m | 415m | 404m | 395m | 387m |
| EBITDA | 2.0 | 2.0 | 1.8 | 2.3 | 2.2 | 2.4 | 2.2 | 2.3 | 2.5 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,675 | 3,350 | 3,595 | 3,690 | 3,796 | 3,566 | 3,859 | 3,914 |
| Research and development | 37 | 37 | 38 | 36 | 41 | 38 | 39 | 40 |
| Selling, general and administrative | 495 | 464 | 499 | 504 | 512 | 510 | 520 | 489 |
| Operating income | 531 | 411 | 547 | 586 | 589 | 539 | 575 | 620 |
| Interest expense | 54 | 57 | 50 | 53 | 57 | 58 | 62 | 65 |
| Income before tax | 483 | 366 | 521 | 521 | 526 | 480 | 547 | 552 |
| Income tax | 130 | 110 | 98 | 129 | 142 | 127 | 98 | 126 |
| Net income | 337 | 243 | 393 | 374 | 374 | 340 | 428 | 414 |
| Diluted EPS | $0.84 | $0.61 | $0.99 | $0.95 | $0.95 | $0.87 | $1.12 | $1.08 |
| EBITDA | 579 | 453 | 591 | 630 | 634 | 580 | 617 | 661 |
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