Otis Worldwide SG&A Expenses 2019-2024 | OTIS

Otis Worldwide annual/quarterly sg&a expenses history and growth rate from 2019 to 2024. Sg&a expenses can be defined as the sum of all selling, general and administrative expenses.
  • Otis Worldwide sg&a expenses for the quarter ending September 30, 2024 were $0.455B, a 0.66% increase year-over-year.
  • Otis Worldwide sg&a expenses for the twelve months ending September 30, 2024 were $1.864B, a 1.64% increase year-over-year.
  • Otis Worldwide annual sg&a expenses for 2023 were $1.884B, a 6.86% increase from 2022.
  • Otis Worldwide annual sg&a expenses for 2022 were $1.763B, a 9.5% decline from 2021.
  • Otis Worldwide annual sg&a expenses for 2021 were $1.948B, a 1.25% increase from 2020.
Otis Worldwide Annual SG&A Expenses
(Millions of US $)
2023 $1,884
2022 $1,763
2021 $1,948
2020 $1,924
2019 $1,810
2018 $1,735
Otis Worldwide Quarterly SG&A Expenses
(Millions of US $)
2024-09-30 $455
2024-06-30 $449
2024-03-31 $462
2023-12-31 $498
2023-09-30 $452
2023-06-30 $479
2023-03-31 $455
2022-12-31 $448
2022-09-30 $417
2022-06-30 $439
2022-03-31 $459
2021-12-31 $503
2021-09-30 $479
2021-06-30 $484
2021-03-31 $482
2020-12-31 $537
2020-09-30 $481
2020-06-30 $441
2020-03-31 $465
2019-12-31 $485
2019-09-30 $444
2019-06-30 $444
2019-03-31 $441
2018-12-31
Sector Industry Market Cap Revenue
Construction Building & Construction Products - Misc. $40.553B $14.209B
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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