Company research
Otis Worldwide Corp
CIK 1781335Updated Sep 24, 2026
SecurityOTIS · NYSE · equity
OTIS price & chart
Loading TradingView…
NYSE:OTIS on TradingView ↗About the company
Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation, service and modernization of elevators and escalators, we move 2.5 billion people a day and maintain approximately 2.5 million customer units worldwide - the industry’s largest Service portfolio. You’ll find us in the world’s most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 45,000 field professionals, all committed to manufacturing, installing and maintaining products to meet the diverse needs of our customers and passengers in more than 200 countries and territories. To learn more, visit www.otis.com and follow us on LinkedIn, YouTube, Instagram and Facebook @OtisElevatorCo.
In the news
SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Otis Worldwide Corporation (NYSE: OTIS) News provided by Purcell & Lefkowitz LLP Oct 09, 2025, 08:15 ET Share this article Share to X Share this article Share to X NEW YORK , Oct. 9, 2025 /PRNewswire/ -- Purcell & Lefk ↗
Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Items 5.02, 7.01, 9.01
4 filing
4 filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 10,653,000,000Source | 11,316,000,000Source | 10,117,000,000Source | 9,819,000,000Source |
| Property, Plant and Equipment, NetUSD | 743,000,000Source | 701,000,000Source | 727,000,000Source | 719,000,000Source |
| GoodwillUSD | 1,695,000,000Source | 1,548,000,000Source | 1,588,000,000Source | 1,567,000,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 343,000,000Source | 311,000,000Source | 335,000,000Source | 369,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,096,000,000Source | 2,300,000,000Source | 1,274,000,000Source | 1,189,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 3,688,000,000Source | 3,428,000,000Source | 3,538,000,000Source | 3,357,000,000Source |
| Inventory, NetUSD | 613,000,000Source | 557,000,000Source | 612,000,000Source | 617,000,000Source |
| Assets, CurrentUSD | 6,501,000,000Source | 7,670,000,000Source | 6,400,000,000Source | 6,143,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 554,000,000Source | 422,000,000Source | 416,000,000Source | 449,000,000Source |
| Other Assets, NoncurrentUSD | 410,000,000Source | 362,000,000Source | 328,000,000Source | 287,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 15,924,000,000Source | 16,044,000,000Source | 14,837,000,000Source | 14,483,000,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 333,000,000Source | 265,000,000Source | 213,000,000Source | 162,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | -440,000,000Source | -978,000,000Source | -2,005,000,000Source | -2,865,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,087,000,000Source | -745,000,000Source | -750,000,000Source | -592,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | -5,392,000,000Source | -4,848,000,000Source | -4,924,000,000Source | -4,870,000,000Source |
| Liabilities and EquityUSD | 10,653,000,000Source | 11,316,000,000Source | 10,117,000,000Source | 9,819,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 7,656,000,000Source | 7,749,000,000Source | 6,479,000,000Source | 6,843,000,000Source |
| Operating Lease, Liability, CurrentUSD | 158,000,000Source | 120,000,000Source | 117,000,000Source | 127,000,000Source |
| Accounts Payable, CurrentUSD | 2,142,000,000Source | 1,879,000,000Source | 1,878,000,000Source | 1,717,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 397,000,000Source | 298,000,000Source | 292,000,000Source | 315,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 223,000,000Source | 207,000,000Source | 245,000,000Source | 279,000,000Source |
| Other Liabilities, NoncurrentUSD | 329,000,000Source | 383,000,000Source | 493,000,000Source | 556,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 46,000,000Source | 63,000,000Source | 69,000,000Source | 71,000,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 1,847,000,000Source | 1,921,000,000Source | 1,873,000,000Source | 1,794,000,000Source |
| Deferred Tax Liabilities, NetUSD | 369,000,000Source | 346,000,000Source | 403,000,000Source | 446,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | 6,866,000,000Source | — |
| Long-term Debt, Current MaturitiesUSD | 841,000,000Source | 1,300,000,000Source | 0Source | 531,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 6,900,000,000Source | 6,973,000,000Source | 6,866,000,000Source | 6,098,000,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 75,000,000Source | 57,000,000Source | 135,000,000Source | 135,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 1,455,000,000Source | 1,734,000,000Source | 1,498,000,000Source | 1,369,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 80,000,000Source | 73,000,000Source | 64,000,000Source | 67,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | 25,000,000Source | -26,000,000Source | -15,000,000Source | 65,000,000Source |
| Increase (Decrease) in Accounts PayableUSD | 181,000,000Source | 57,000,000Source | 152,000,000Source | 272,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | -104,000,000Source | -31,000,000Source | -61,000,000Source | -16,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 1,596,000,000Source | 1,563,000,000Source | 1,627,000,000Source | 1,560,000,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 109,000,000Source | 87,000,000Source | 36,000,000Source | 46,000,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -406,000,000Source | -164,000,000Source | -183,000,000Source | -33,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 1,000,000Source | -9,000,000Source | -15,000,000Source | -9,000,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 809,000,000Source | 1,007,000,000Source | 800,000,000Source | 850,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -2,421,000,000Source | -309,000,000Source | -1,350,000,000Source | -3,652,000,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 647,000,000Source | 606,000,000Source | 539,000,000Source | 465,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -16,000,000Source | -24,000,000Source | -20,000,000Source | -30,000,000Source |
| Repayments of Long-term DebtUSD | 1,300,000,000Source | 0Source | 534,000,000Source | 500,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -1,216,000,000Source | 1,041,000,000Source | 85,000,000Source | -2,282,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,105,000,000Source | 2,321,000,000Source | 1,280,000,000Source | 1,195,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 230,000,000Source | 172,000,000Source | 132,000,000Source | 134,000,000Source |
| Income Taxes Paid, NetUSD | 471,000,000Source | 586,000,000Source | 546,000,000Source | 562,000,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 15,000,000Source | -49,000,000Source | -9,000,000Source | -157,000,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 80,000,000Source | 73,000,000Source | 64,000,000Source | 66,000,000Source |
| Amortization of Debt Issuance CostsUSD | 10,000,000Source | 8,000,000Source | 7,000,000Source | 8,000,000Source |
| Amortization of Intangible AssetsUSD | 62,000,000Source | 62,000,000Source | 67,000,000Source | 73,000,000Source |
| DepreciationUSD | 113,000,000Source | 120,000,000Source | 126,000,000Source | 118,000,000Source |
| Depreciation, Amortization and Accretion, NetUSD | 175,000,000Source | 181,000,000Source | 193,000,000Source | 191,000,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | 0Source | 50,000,000Source | — | — |
| GoodwillUSD | 1,695,000,000Source | 1,548,000,000Source | 1,588,000,000Source | 1,567,000,000Source |
| Income Tax Expense (Benefit)USD | 479,000,000Source | 305,000,000Source | 533,000,000Source | 519,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,384,000,000Source | 1,645,000,000Source | 1,406,000,000Source | 1,253,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 71,000,000Source | 89,000,000Source | 92,000,000Source | 116,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 1,384,000,000Source | 1,645,000,000Source | 1,406,000,000Source | 1,253,000,000Source |
| Operating Lease, ExpenseUSD | 206,000,000Source | 166,000,000Source | 153,000,000Source | 145,000,000Source |
| Other Operating Income (Expense), NetUSD | -106,000,000Source | -236,000,000Source | 21,000,000Source | 26,000,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 500,000,000Source | 1,497,000,000Source | 747,000,000Source | 0Source |
| Proceeds from Stock Options ExercisedUSD | 3,000,000Source | 4,000,000Source | 6,000,000Source | 5,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 14,431,000,000Source | 14,261,000,000Source | 14,209,000,000Source | 13,685,000,000Source |
| Selling, General and Administrative ExpenseUSD | 1,979,000,000Source | 1,861,000,000Source | 1,884,000,000Source | 1,763,000,000Source |
| Operating Income (Loss)USD | 2,133,000,000Source | 2,008,000,000Source | 2,186,000,000Source | 2,033,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 1,934,000,000Source | 2,039,000,000Source | 2,031,000,000Source | 1,888,000,000Source |
| Income Tax Expense (Benefit)USD | 479,000,000Source | 305,000,000Source | 533,000,000Source | 519,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 71,000,000Source | 89,000,000Source | 92,000,000Source | 116,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,384,000,000Source | 1,645,000,000Source | 1,406,000,000Source | 1,253,000,000Source |
| Earnings Per Share, BasicUSD per share | 3.52Source | 4.1Source | 3.42Source | 2.98Source |
| Earnings Per Share, DilutedUSD per share | 3.5Source | 4.07Source | 3.39Source | 2.96Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 392,800,000Source | 401,700,000Source | 411,400,000Source | 420,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 394,900,000Source | 404,400,000Source | 414,600,000Source | 423,000,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 62,000,000Source | 62,000,000Source | 67,000,000Source | 73,000,000Source |
| Costs and ExpensesUSD | 12,192,000,000Source | 12,017,000,000Source | 12,044,000,000Source | 11,678,000,000Source |
| Current Income Tax Expense (Benefit)USD | 583,000,000Source | 336,000,000Source | 594,000,000Source | 535,000,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | 0Source | 50,000,000Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 631,000,000Source | 505,000,000Source | 565,000,000Source | 484,000,000Source |
| Interest Expense, DebtUSD | 217,000,000Source | 183,000,000Source | 155,000,000Source | 140,000,000Source |
| Interest Income (Expense), NetUSD | — | — | -150,000,000Source | -143,000,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | -196,000,000Source | 31,000,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 1,384,000,000Source | 1,645,000,000Source | 1,406,000,000Source | 1,253,000,000Source |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost ComponentUSD | 3,000,000Source | 0Source | 5,000,000Source | 2,000,000Source |
| Operating Lease, ExpenseUSD | 206,000,000Source | 166,000,000Source | 153,000,000Source | 145,000,000Source |
| Other Operating Income (Expense), NetUSD | -106,000,000Source | -236,000,000Source | 21,000,000Source | 26,000,000Source |
| Research and Development ExpenseUSD | 152,000,000Source | 152,000,000Source | 144,000,000Source | 150,000,000Source |
Filing attachments
ef20081992_ex99-1.htm · 8-K · 2026-09-15
EX-99.1 3 ef20081992_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 For Immediate Release Otis Implements Long-Standing CEO Succession Plan Judy Marks to Retire in 2027 as Board Chair, CEO, and President FARMINGTON, Conn., Sept. 15, 2026 - Otis Worldwide Corporation (NYSE: OTIS), the world’s leading elevator and escalator manufacturing, installation, service and modernization company, today announced that Judy Marks will retire as Chair, Chief Executive Officer and President upon the appointment o…
Read attachment ↗ef20072421_ex4-2.htm · 8-K · 2026-05-07
EX-4.2 3 ef20072421_ex4-2.htm EXHIBIT 4.2 Exhibit 4.2 EXECUTION VERSION SUPPLEMENTAL INDENTURE NO. 6 SUPPLEMENTAL INDENTURE No. 6, dated as of May 7, 2026 (the “ Supplemental Indenture ”), between OTIS WORLDWIDE CORPORATION, a corporation duly organized and existing under the laws of the State of Delaware (the “ Company ”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as trustee (the “ Trustee ”). RECITALS: WHEREAS, the Company and the Trustee are parties to an Indenture, dated …
Read attachment ↗