Otis Worldwide (OTIS) Revenue & Revenue Breakdown
Otis Worldwide Revenue Highlights
Latest Revenue (Y)
$14.26B
Latest Revenue (Q)
$3.60B
Main Segment (Y)
Services
Main Geography (Y)
Other
Otis Worldwide Revenue by Period
Otis Worldwide Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2024-12-31 | $14.26B | 0.37% |
| 2023-12-31 | $14.21B | 3.83% |
| 2022-12-31 | $13.69B | -4.29% |
| 2021-12-31 | $14.30B | 12.09% |
| 2020-12-31 | $12.76B | -2.76% |
| 2019-12-31 | $13.12B | 1.57% |
| 2018-12-31 | $12.91B | 4.80% |
| 2017-12-31 | $12.32B | - |
Otis Worldwide generated $14.26B in revenue during NA 2024, up 0.37% compared to the previous quarter, and up 108.71% compared to the same period a year ago.
Otis Worldwide Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2025-06-30 | $3.60B | 7.31% |
| 2025-03-31 | $3.35B | -8.84% |
| 2024-12-31 | $3.67B | 3.58% |
| 2024-09-30 | $3.55B | -1.47% |
| 2024-06-30 | $3.60B | 4.77% |
| 2024-03-31 | $3.44B | -5.06% |
| 2023-12-31 | $3.62B | 2.75% |
| 2023-09-30 | $3.52B | -5.30% |
| 2023-06-30 | $3.72B | 11.18% |
| 2023-03-31 | $3.35B | -2.70% |
| 2022-12-31 | $3.44B | 2.84% |
| 2022-09-30 | $3.34B | -4.13% |
| 2022-06-30 | $3.49B | 2.17% |
| 2022-03-31 | $3.41B | -4.34% |
| 2021-12-31 | $3.57B | -1.41% |
| 2021-09-30 | $3.62B | -2.19% |
| 2021-06-30 | $3.70B | 8.60% |
| 2021-03-31 | $3.41B | -2.43% |
| 2020-12-31 | $3.49B | 6.88% |
| 2020-09-30 | $3.27B | 7.89% |
| 2020-06-30 | $3.03B | 2.12% |
| 2020-03-31 | $2.97B | -11.54% |
| 2019-12-31 | $3.35B | 1.21% |
| 2019-09-30 | $3.31B | -1.13% |
| 2019-06-30 | $3.35B | 8.06% |
| 2019-03-31 | $3.10B | - |
Otis Worldwide generated $3.60B in revenue during Q2 2025, up 7.31% compared to the previous quarter, and up 104.60% compared to the same period a year ago.
Otis Worldwide Revenue Breakdown
Otis Worldwide Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 24 | Dec 23 | Dec 22 | Dec 21 | Dec 20 |
|---|---|---|---|---|---|
| New Equipment | $5.37B | $5.81B | - | - | - |
| Services | $8.89B | $8.40B | - | - | - |
| Product | - | $5.81B | $5.86B | $6.43B | $5.37B |
| Service, Modernization | - | $1.53B | $1.43B | $1.40B | $1.34B |
| Service, Maintenance And Repair | - | $6.87B | $6.39B | $6.47B | $6.05B |
| Service | - | $8.40B | $7.82B | $7.87B | $7.38B |
Otis Worldwide's latest annual revenue breakdown by segment (product or service), as of Dec 24: Services (62.37%), and New Equipment (37.63%).
Quarterly Revenue by Product
| Product/Service | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Services | $2.32B | $2.19B | $4.47B | $2.24B | $2.18B | $2.15B | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| New Equipment | $1.28B | $1.16B | $2.64B | $1.31B | $1.42B | $1.47B | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Product | - | - | - | - | - | $1.47B | $1.44B | $1.60B | $1.31B | $1.46B | $1.45B | $1.53B | $1.42B | $1.56B | $1.68B | $1.73B | $1.46B | $1.53B | $1.42B | $1.29B |
| Service | - | - | - | - | - | $2.15B | $2.09B | $2.12B | $2.04B | $1.98B | $1.90B | $1.95B | $1.99B | $2.01B | $1.94B | $1.97B | $1.95B | $1.96B | $1.84B | $1.74B |
| Service, Maintenance And Repair | - | - | - | - | - | $1.75B | $1.72B | $1.72B | $1.68B | $1.61B | $1.55B | $1.60B | $1.63B | $1.64B | $1.61B | $1.62B | $1.60B | $1.60B | $1.51B | $1.42B |
| Service, Modernization | - | - | - | - | - | $400.00M | $373.00M | $394.00M | $360.00M | $369.00M | $342.00M | $358.00M | $359.00M | $363.00M | $331.00M | $357.00M | $347.00M | $363.00M | $330.00M | $312.00M |
Otis Worldwide's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Services (64.51%), and New Equipment (35.49%).
Otis Worldwide Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 24 | Dec 23 | Dec 22 | Dec 21 | Dec 20 |
|---|---|---|---|---|---|
| CHINA | $1.92B | $2.44B | $2.57B | $2.88B | $2.13B |
| UNITED STATES | $4.24B | $4.03B | $3.83B | $3.70B | $3.46B |
| Other | $8.10B | $7.74B | $7.28B | $7.72B | $7.16B |
Otis Worldwide's latest annual revenue breakdown by geography, as of Dec 24: Other (56.82%), UNITED STATES (29.72%), and CHINA (13.46%).
Quarterly Revenue by Country
| Country | Dec 24 | Sep 24 | Jun 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNITED STATES | $1.05B | $1.06B | $1.06B | $1.01B | $1.00B | $1.03B | $976.00M | $961.00M | $943.00M | $953.00M | $977.00M | $898.00M | $927.00M | $939.00M | $936.00M | $912.00M | $855.00M | $805.00M | $890.00M |
| CHINA | $483.00M | $469.00M | $542.00M | $612.00M | $596.00M | $735.00M | $501.00M | $622.00M | $672.00M | $711.00M | $568.00M | $701.00M | $811.00M | $803.00M | $562.00M | $578.00M | $624.00M | $613.00M | $319.00M |
| Other | $2.14B | $2.02B | $1.99B | $1.99B | $1.92B | $1.95B | $1.87B | $1.86B | $1.73B | $1.82B | $1.87B | $1.97B | $1.88B | $1.96B | $1.91B | $2.00B | $1.79B | $1.61B | $1.76B |
Otis Worldwide's latest quarterly revenue breakdown by geography, as of Dec 24: Other (58.23%), UNITED STATES (28.63%), and CHINA (13.14%).
Otis Worldwide Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| ETN | Eaton | $24.88B | $6.38B |
| PH | Parker-Hannifin | $19.93B | $4.96B |
| EMR | Emerson Electric | $17.49B | $4.17B |
| ITW | Illinois Tool Works | $15.90B | $3.84B |
| OTIS | Otis Worldwide | $14.26B | $3.60B |
| DOV | Dover | $7.75B | $2.05B |
| FLS | Flowserve | $4.56B | $1.14B |
| PNR | Pentair | $4.08B | $1.01B |
| AOS | A. O. Smith | $3.82B | $1.01B |
| IEX | IDEX | $3.27B | $814.30M |
| GGG | Graco | $2.11B | $571.81M |
| IR | Ingersoll Rand | - | $1.72B |