Otis Worldwide Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	14,431	14,261	14,209	13,685	14,298
Revenue Growth (YoY)	1.19%	0.37%	3.83%	-4.29%	12.09%
Cost of Revenue	10,061	9,976	10,010	9,743	10,083
Gross Profit	4,370	4,285	4,199	3,942	4,215
Selling, General & Admin	1,982	1,818	1,828	1,727	1,909
Research & Development	152	152	144	150	159
Other Operating Expenses	106	-35	-17	-31	-24
Operating Expenses	2,240	1,935	1,955	1,846	2,044
Operating Income	2,130	2,350	2,244	2,096	2,171
Interest Expense	-196	-169	-150	-143	-136
Currency Exchange Gain (Loss)	-	7	20	16	9
EBT Excluding Unusual Items	1,934	2,188	2,114	1,969	2,044
Merger & Restructuring Charges	-	-136	-83	-60	-56
Asset Writedown	-	-18	-	-	-
Legal Settlements	-	-12	-	-	-
Other Unusual Items	-	17	-	-21	-27
Pretax Income	1,934	2,039	2,031	1,888	1,961
Income Tax Expense	479	305	533	519	541
Earnings From Continuing Operations	1,455	1,734	1,498	1,369	1,420
Minority Interest in Earnings	-71	-89	-92	-116	-174
Net Income	1,384	1,645	1,406	1,253	1,246
Net Income to Common	1,384	1,645	1,406	1,253	1,246
Net Income Growth	-15.87%	17.00%	12.21%	0.56%	37.53%
Shares Outstanding (Basic)	393	402	411	420	428
Shares Outstanding (Diluted)	395	404	415	423	431
Shares Change (YoY)	-2.35%	-2.46%	-1.99%	-1.95%	-0.74%
EPS (Basic)	3.52	4.10	3.42	2.98	2.91
EPS (Diluted)	3.50	4.07	3.39	2.96	2.89
EPS Growth	-14.01%	20.06%	14.53%	2.42%	38.94%
Free Cash Flow	1,444	1,437	1,489	1,445	1,594
Free Cash Flow Per Share	3.66	3.55	3.59	3.42	3.69
Dividend Per Share	1.650	1.510	1.310	1.110	0.920
Dividend Growth	9.27%	15.27%	18.02%	20.65%	53.33%
Gross Margin	30.28%	30.05%	29.55%	28.80%	29.48%
Operating Margin	14.76%	16.48%	15.79%	15.32%	15.18%
Profit Margin	9.59%	11.54%	9.89%	9.16%	8.71%
Free Cash Flow Margin	10.01%	10.08%	10.48%	10.56%	11.15%
EBITDA	2,305	2,531	2,437	2,287	2,374
EBITDA Margin	15.97%	17.75%	17.15%	16.71%	16.60%
D&A For EBITDA	175	181	193	191	203
EBIT	2,130	2,350	2,244	2,096	2,171
EBIT Margin	14.76%	16.48%	15.79%	15.32%	15.18%
Effective Tax Rate	24.77%	14.96%	26.24%	27.49%	27.59%
Revenue as Reported	-	14,261	14,209	13,685	14,298

Source: S&P Global Market Intelligence. Standard template. Financial Sources.