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Revenue by Segment
Shows revenue contributions from different business areas, revealing which segments are leading in sales and potential areas for expansion.
Services is clearly the growth and resiliency engine—driving steady, accelerating revenue and cash while New Equipment remains cyclical and only beginning to stabilize. Management is reinvesting in pricing, service‑excellence and hiring, which explains near‑term margin compression despite strong service top‑line and modernization backlog; the stock will hinge on execution: a return of service margins toward the mid‑20s and conversion of modernization backlog will validate sustainable EPS and buyback capacity, while slower retention or material cost pressure would prolong profit headwinds.
OTIS Revenue by Segment
| Date | Services | New Equipment |
|---|---|---|
| Sep 30, 2026 | $2.62B | $1.30B |
| Jun 30, 2026 | $2.58B | $1.28B |
| Mar 31, 2026 | $2.42B | $1.15B |
| Dec 31, 2025 | $2.50B | $1.29B |
| Sep 30, 2025 | $2.43B | $1.26B |
| Jun 30, 2025 | $2.32B | $1.28B |
| Mar 31, 2025 | $2.19B | $1.16B |
| Dec 31, 2024 | $2.32B | $1.36B |
| Sep 30, 2024 | $2.24B | $1.31B |
| Jun 30, 2024 | $2.18B | $1.42B |
| Mar 31, 2024 | $2.16B | $1.28B |
| Dec 31, 2023 | $2.15B | $1.47B |
| Sep 30, 2023 | $2.09B | $1.44B |
| Jun 30, 2023 | $2.12B | $1.60B |
| Mar 31, 2023 | $2.04B | $1.31B |
| Dec 31, 2022 | $1.98B | $1.46B |
| Sep 30, 2022 | $1.90B | $1.45B |
| Jun 30, 2022 | $1.95B | $1.53B |
| Mar 31, 2022 | $1.99B | $1.42B |
| Dec 31, 2021 | $2.01B | $1.56B |
| Sep 30, 2021 | $1.94B | $1.68B |
| Jun 30, 2021 | $1.97B | $1.73B |
| Mar 31, 2021 | $1.95B | $1.46B |
| Dec 31, 2020 | $1.96B | $1.53B |
| Sep 30, 2020 | $1.84B | $1.42B |
| Jun 30, 2020 | $1.74B | $1.29B |
| Mar 31, 2020 | $1.84B | $1.12B |
| Dec 31, 2019 | $1.93B | $1.43B |
| Sep 30, 2019 | $1.86B | $1.45B |
| Jun 30, 2019 | $1.85B | $1.50B |
| Mar 31, 2019 | $1.83B | $1.27B |
