Otis Worldwide Revenue 2019-2024 | OTIS
Otis Worldwide annual/quarterly revenue history and growth rate from 2019 to 2024. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income.
- Otis Worldwide revenue for the quarter ending December 31, 2024 was $3.675B, a 1.52% increase year-over-year.
- Otis Worldwide revenue for the twelve months ending December 31, 2024 was $14.261B, a 0.37% increase year-over-year.
- Otis Worldwide annual revenue for 2024 was $14.261B, a 0.37% increase from 2023.
- Otis Worldwide annual revenue for 2023 was $14.209B, a 3.83% increase from 2022.
- Otis Worldwide annual revenue for 2022 was $13.685B, a 4.29% decline from 2021.
Otis Worldwide Annual Revenue
(Millions of US $) |
| 2024 |
$14,261 |
| 2023 |
$14,209 |
| 2022 |
$13,685 |
| 2021 |
$14,298 |
| 2020 |
$12,756 |
| 2019 |
$13,118 |
| 2018 |
$12,915 |
Otis Worldwide Quarterly Revenue
(Millions of US $) |
| 2024-12-31 |
$3,675 |
| 2024-09-30 |
$3,548 |
| 2024-06-30 |
$3,601 |
| 2024-03-31 |
$3,437 |
| 2023-12-31 |
$3,620 |
| 2023-09-30 |
$3,523 |
| 2023-06-30 |
$3,720 |
| 2023-03-31 |
$3,346 |
| 2022-12-31 |
$3,439 |
| 2022-09-30 |
$3,344 |
| 2022-06-30 |
$3,488 |
| 2022-03-31 |
$3,414 |
| 2021-12-31 |
$3,569 |
| 2021-09-30 |
$3,620 |
| 2021-06-30 |
$3,701 |
| 2021-03-31 |
$3,408 |
| 2020-12-31 |
$3,493 |
| 2020-09-30 |
$3,268 |
| 2020-06-30 |
$3,029 |
| 2020-03-31 |
$2,966 |
| 2019-12-31 |
$3,353 |
| 2019-09-30 |
$3,313 |
| 2019-06-30 |
$3,351 |
| 2019-03-31 |
$3,101 |
| 2018-12-31 |
|
| Sector |
Industry |
Market Cap |
Revenue |
| Construction |
Building & Construction Products - Misc. |
$40.921B |
$14.261B |
|
Otis Worldwide Corp. is one of the leading elevator and escalator manufacturing, installation and service provider to commercial, housing associations, government associations, etc. Otis has expanded business in multiple countries across the world in more than 1,400 branches and offices. Raytheon Technologies Corp. completed the tax-free spin-off of Otis Worldwide Corp and Carrier Global Corp. It has 2 reporting segments: New Equipment & Service. The New Equipment segment manufactures, sells and installs a wide range of passenger and freight elevators, escalators and moving walkways for residential, commercial and infrastructure projects. It has developed a range of elevator and escalator solutions, including Gen360 elevator & Gen2 system. The Service segment performs maintenance & repair and modernization services to upgrade elevators, and escalators. It has a maintenance portfolio of more than 2 million units throughout the globe. Otis provides maintenance services to other manufacturers.
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