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Operating Income by Segment
Breaks down profit generated by each business unit, highlighting which segments are driving growth and profitability.Services operating income has been the clear engine—a steady multi‑year rise into the current quarter—while New Equipment profitability has eroded to a minimal contribution, meaning near‑term earnings depend more on service performance than equipment sales. Large, lumpy negative Corporate charges since late‑2024 (likely acquisition, ramp and investment costs) have masked underlying progress. Management calls many headwinds temporary and expects service margins to recover through H2 as pricing, productivity and modernization tailwinds kick in, so watch service margin trajectory and whether corporate one‑offs fade to gauge sustainable earnings recovery.
Date | Services | New Equipment | Corporate |
|---|---|---|---|
Jun 30, 2026 | $599.00M | $40.00M | -$64.00M |
Mar 31, 2026 | $556.00M | $38.00M | -$55.00M |
Dec 31, 2025 | $638.00M | $47.00M | -$96.00M |
Sep 30, 2025 | $621.00M | $59.00M | -$94.00M |
Jun 30, 2025 | $578.00M | $68.00M | -$99.00M |
Mar 31, 2025 | $537.00M | $66.00M | -$192.00M |
Dec 31, 2024 | $569.00M | $64.00M | -$102.00M |
Sep 30, 2024 | $555.00M | $84.00M | -$276.00M |
Jun 30, 2024 | $538.00M | $110.00M | -$78.00M |
Mar 31, 2024 | $523.00M | $71.00M | -$50.00M |