Net Income for Otis Worldwide (OTIS)
According to Otis Worldwide's latest reported financial statements, the company's current net income (TTM) is $1.48B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
OTIS
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$1.48B
YoY change
-15.9%
5Y CAGR
+8.8%
Peak year (2024)
$1.65B
Cumulative net income
$10.64B
Net Income history chart for Otis Worldwide (OTIS) from 2017 to 2025
Net Income history table for Otis Worldwide (OTIS) from 2017 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $1.38B | -15.9% | ||
| 2024 | $1.65B | +17.0% | ||
| 2023 | $1.41B | +12.2% | ||
| 2022 | $1.25B | +0.6% | ||
| 2021 | $1.25B | +37.5% | ||
| 2020 | $906.00M | -18.8% | ||
| 2019 | $1.12B | +6.4% | ||
| 2018 | $1.05B | +64.9% | ||
| 2017 | $636.00M | — |
Net Income values are taken from Otis Worldwide's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Otis Worldwide (OTIS) reported net income of $1.38B – declined 15.9% year-over-year.
Over 2020–2025 (5 years), Otis Worldwide net income expanded at a +8.8% compound annual rate, with the latest reading among the more recent periods of the dataset.
Between 2024 and 2025, Otis Worldwide net income declined 15.9%, falling from $1.65B to $1.38B.
2024 marks the peak net income at $1.65B, with the historical low of $636.00M recorded in 2017.
Among 8 Industrials peers, Otis Worldwide (OTIS) ranks 9th; the peer median for net income is $5.88B.
Otis Worldwide Net Income by Year
Otis Worldwide Net Income 2025: $1.38B
Otis Worldwide net income in 2025 was $1.38B, declined 15.9% below 2024.
Otis Worldwide Net Income 2024: $1.65B
Otis Worldwide net income in 2024 was $1.65B, grew 17.0% from 2023. This figure represents the highest annual value in the available history.
Otis Worldwide Net Income 2023: $1.41B
Otis Worldwide net income in 2023 was $1.41B, grew 12.2% from 2022.
Otis Worldwide Net Income 2022: $1.25B
Otis Worldwide net income in 2022 was $1.25B, edged up 0.6% from 2021.
Otis Worldwide Net Income 2021: $1.25B
Otis Worldwide net income in 2021 was $1.25B.
See more financial history for Otis Worldwide (OTIS).
Sector peers — Net Income
Companies in the same sector as Otis Worldwide, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $8.87B | Industrials |
| GE Aerospace (GE) | $8.70B | Industrials |
| Union Pacific Corporation (UNP) | $7.14B | Industrials |
| RTX Corporation (RTX) | $6.73B | Industrials |
| Deere & Company (DE) | $5.03B | Industrials |
| Honeywell International Inc. (HON) | $4.73B | Industrials |
| Eaton Corporation plc (ETN) | $4.09B | Industrials |
| The Boeing Company (BA) | $2.23B | Industrials |
Frequently asked questions
What is Otis Worldwide's net income?
- Latest reported net income for Otis Worldwide (OTIS) is $1.48B (period ending March 31, 2026).
How has Otis Worldwide net income changed year-over-year?
- Otis Worldwide (OTIS) net income changed -15.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Otis Worldwide net income?
- Otis Worldwide (OTIS) net income compound annual growth rate is +8.8% over the most recent 5 years available.
When did Otis Worldwide net income hit its highest annual value?
- Otis Worldwide net income reached its highest annual value of $1.65B in 2024.
What was Otis Worldwide net income in 2024?
- Otis Worldwide (OTIS) net income in 2024 was $1.65B.
What was Otis Worldwide net income in 2025?
- Otis Worldwide (OTIS) net income in 2025 was $1.38B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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