Jun 2026 (Q2 FY26) — Jul 22, 2026
Otis Q2 FY26 — Strong Service Growth and Backlog Expansion Offset by Productivity Headwinds
Read the full callOtis (OTIS) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Otis earnings: last reported Wed, 22 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,859 | +7.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 14.9 | −0.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 428 | +8.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
20 of 30 judged targets kept · 32 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EPS growth | minus 3% to minus 5% versus the prior year | Mar 2026 | Adjusted EPS declined 4% or $0.04 in the quarter due to operational performance, partially offset by favorable foreign exchange rates. | Achieved |
| Service segment operating profit margin | around 24% in the second quarter | Mar 2026 | Service operating margin was 23.2%, down 170 basis points versus the prior year. | Missed |
| Full-year adjusted EPS growth | mid- to high single digits | Dec 2025 | The reduced operating profit outlook will result in an adjusted EPS range of $4.01 to $4.05. | Revised Down |
10 of Otis Worldwide Corp's 62 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 59 more targets are in the full ledger.
Claimed
- Organic sales grew 6% in Q2 FY26.
- Service organic sales increased 9%, driven by 24% modernization growth and 12% repair growth.
- Modernization orders were up 9%, with backlog increasing 26% at constant currency.
- Adjusted free cash flow reached $290 million, up 19% year-over-year.
- Americas New Equipment sales increased 10%, with double-digit orders growth.
Qualified
- Adjusted operating profit decreased $32 million, with operating margin declining 180 basis points to 15.2%.
- Adjusted EPS declined 4% or $0.04 in the quarter.
- Service operating margin was 23.2%, down 170 basis points, impacted by labor/material costs, productivity, and strategic investments.
- New Equipment organic sales declined 1%, and operating profit decreased $30 million, with margin down 220 basis points to 3.1%.
- Full-year adjusted operating profit outlook revised down by $45 million to $15 million at constant currency, and adjusted EPS to $4.01-$4.05.
- Retention improvement is taking longer than expected, leading to a $20 million impact from tempered maintenance micro pricing.
- Productivity and cost headwinds resulted in an incremental $50 million impact versus prior full-year outlook.
Price
$71.04 −0.41% · −$0.29
Performance −22.2% 1Y
1Y: $91.29 on 17 Oct 2025 → $71.04. High $93.62 (2 Mar 2026), low $64.05 (2 Oct 2026).
- Previous close
- $71.33
- 52-week range
- $64.05 – $93.62
- One year
- −22.37%
Overview
- Symbol
- OTIS
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
20 of 30 judged targets kept · 32 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EPS growth | minus 3% to minus 5% versus the prior year | Mar 2026 | Adjusted EPS declined 4% or $0.04 in the quarter due to operational performance, partially offset by favorable foreign exchange rates. | Achieved |
| Service segment operating profit margin | around 24% in the second quarter | Mar 2026 | Service operating margin was 23.2%, down 170 basis points versus the prior year. | Missed |
| Full-year adjusted EPS growth | mid- to high single digits | Dec 2025 | The reduced operating profit outlook will result in an adjusted EPS range of $4.01 to $4.05. | Revised Down |
Claimed
- Organic sales grew 6% in Q2 FY26.
- Service organic sales increased 9%, driven by 24% modernization growth and 12% repair growth.
- Modernization orders were up 9%, with backlog increasing 26% at constant currency.
- Adjusted free cash flow reached $290 million, up 19% year-over-year.
- Americas New Equipment sales increased 10%, with double-digit orders growth.
Qualified
- Adjusted operating profit decreased $32 million, with operating margin declining 180 basis points to 15.2%.
- Adjusted EPS declined 4% or $0.04 in the quarter.
- Service operating margin was 23.2%, down 170 basis points, impacted by labor/material costs, productivity, and strategic investments.
- New Equipment organic sales declined 1%, and operating profit decreased $30 million, with margin down 220 basis points to 3.1%.
- Full-year adjusted operating profit outlook revised down by $45 million to $15 million at constant currency, and adjusted EPS to $4.01-$4.05.
- Retention improvement is taking longer than expected, leading to a $20 million impact from tempered maintenance micro pricing.
- Productivity and cost headwinds resulted in an incremental $50 million impact versus prior full-year outlook.
The full ledger
Open Otis Worldwide Corp’s full ledger
A free account opens 5 company ledgers a month. All 62 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 22, 2026
Otis Q1 FY26 — Service Investments Impact Margins Amid Strong Orders
Read the full callDec 2025 (Q4 FY25) — Jan 28, 2026
Otis Q4 FY25 — Record Modernization Orders and Strong Service-Driven Performance
Read the full callEvery analysed call
Otis earnings calls (OTIS)
Financials
What the filings say
Net profit, year on year: +9% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,548 | 3,675 | 3,350 | 3,595 | 3,690 | 3,796 | 3,566 | 3,859 |
| Expenses | 2,965 | 3,135 | 2,850 | 3,043 | 3,097 | 3,202 | 3,032 | 3,282 |
| Operating profit | 363 | 531 | 411 | 547 | 586 | 589 | 539 | 575 |
| Operating margin | 10.2% | 14.4% | 12.3% | 15.2% | 15.9% | 15.5% | 15.1% | 14.9% |
| Profit before tax | 512 | 483 | 366 | 521 | 521 | 526 | 480 | 547 |
| Tax rate | −8.8% | 26.9% | 30.1% | 18.8% | 24.8% | 27.0% | 26.5% | 17.9% |
| Net profit | 540 | 337 | 243 | 393 | 374 | 374 | 340 | 428 |
| EPS ($ per share) | 1.35 | — | 0.61 | 1 | 0.96 | — | 0.88 | 1.12 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | — | 0 | 59 | 119 | 162 | 213 | 265 | 333 |
| Reserves | — | 0 | -3,106 | -2,256 | -2,865 | -2,005 | -978 | -440 |
| Total liabilities | — | 7,361 | 13,911 | 15,263 | 14,483 | 14,837 | 16,044 | 15,924 |
| Fixed assets | 678 | 721 | 774 | 774 | 719 | 727 | 701 | 743 |
| Total assets | — | 9,687 | 10,710 | 12,279 | 9,819 | 10,117 | 11,316 | 10,653 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,550 | 1,469 | 1,480 | 1,750 | 1,560 | 1,627 | 1,563 | 1,596 |
| Cash from investing | -201 | -203 | -353 | -89 | -33 | -183 | -164 | -406 |
| Cash from financing | -1,497 | -1,133 | -844 | 58 | -3,652 | -1,350 | -309 | -2,421 |
| Net cash flow | -225 | 113 | 342 | 1,676 | -2,282 | 85 | 1,041 | -1,216 |
| Capital expenditure | -172 | -145 | -183 | -156 | -115 | -138 | -126 | -152 |
| Free cash flow | 1,378 | 1,324 | 1,297 | 1,594 | 1,445 | 1,489 | 1,437 | 1,444 |
OTIS revenue by segment
Services grew from 63% to 67% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Services | 63% | 63% | 65% | 65% | 66% | 66% | 68% | 67% | +11.3% |
| New Equipment | 37% | 37% | 35% | 35% | 34% | 34% | 32% | 33% | +0.2% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
OTIS operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Dec 2025 Q4 FY25 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Employees | 72KI'm proud of our achievements over the last 5 years and thankful for our 72,000 colleagues who demonstrate our absolutes each and every day.Source: earnings call transcript | 72KAt the heart of this success are our 72,000 colleagues worldwide whose dedication to our purpose has made this possible.Source: earnings call transcript | 72KI can tell you if you stop any Otis colleague who I really need to thank our 72,000 colleagues are working diligently every day but so many of them are customer-facing.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q4 FY2024 · share of revenue
- Other 58% ↑ 2 pt
- US 29% ↓ 2 pt
- CN 13% ↑ 1 pt
As OTIS cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
121 filings between Nov 1, 2025 and Sep 2, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$17.22M
9 sales by 6 insiders
22% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 14
- Award — granted as compensation
- 47
- Option exercise — converted options into shares
- 48
- Tax withheld — shares kept back by the company to cover tax
Also filed: 3 dispositions to the issuer.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Marks Judith Fran | — | $9.29M | Feb 5, 2026 |
| de Montlivault Stephane | — | $4.42M | Feb 12, 2026 |
| LaFreniere Nora E. | — | $2.48M | Feb 10, 2026 |
| Green Neil | — | $518.7K | Feb 2, 2026 |
| Ryan Michael Patrick | — | $384.1K | Feb 10, 2026 |
| Lefebure Thibault Pierre Marie | — | $125.2K | May 7, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 2, 2026 | Gosk Kimberly Shannon EVP & CPO | Tax withheld | 274 | $19.4K |
| Sep 2, 2026 | Gosk Kimberly Shannon EVP & CPO | Option exercise | 933 | — |
| Aug 23, 2026 | Mendez Echevarria Maria Cristina EVP & CFO | Option exercise | 2,137 | — |
| Aug 23, 2026 | Mendez Echevarria Maria Cristina EVP & CFO | Tax withheld | 838 | $59.9K |
| Jun 2, 2026 | Armas Joseph Jay President, Otis Americas | Tax withheld | 421 | $29.6K |
| Jun 2, 2026 | Armas Joseph Jay President, Otis Americas | Option exercise | 1,680 | — |
| May 7, 2026 | Lefebure Thibault Pierre Marie President, Otis EMEA | Sale | 1,628 | $125.2K |
| Mar 1, 2026 | Loh Sally President, Otis Greater China | Tax withheld | 264 | $24.4K |
| Mar 1, 2026 | Loh Sally President, Otis Greater China | Option exercise | 1,256 | — |
| Feb 12, 2026 | de Montlivault Stephane President, Otis Asia Pacific | Sale | 47,944 | $4.42M |
| Feb 10, 2026 | LaFreniere Nora E. EVP, General Counsel | Disposition to issuer | 3,314 | $299.5K |
| Feb 10, 2026 | LaFreniere Nora E. EVP, General Counsel | Option exercise | 5,107 | $299.6K |
| Feb 10, 2026 | LaFreniere Nora E. EVP, General Counsel | Sale | 1,793 | $162.1K |
| Feb 10, 2026 | Ryan Michael Patrick SVP, CAO & Controller | Sale | 1,182 | $106.4K |
| Feb 10, 2026 | LaFreniere Nora E. EVP, General Counsel | Sale | 25,625 | $2.32M |
| Feb 7, 2026 | Marks Judith Fran Chair, CEO and President | Tax withheld | 5,318 | $477.8K |
| Feb 7, 2026 | Zheng Peiming EVP, Chief Product, Delivery | Tax withheld | 650 | $58.4K |
| Feb 7, 2026 | Marks Judith Fran Chair, CEO and President | Option exercise | 11,828 | — |
| Feb 7, 2026 | Ryan Michael Patrick SVP, CAO & Controller | Option exercise | 344 | — |
| Feb 7, 2026 | Armas Joseph Jay President, Otis Americas | Tax withheld | 58 | $5.2K |
| Feb 7, 2026 | Mendez Echevarria Maria Cristina EVP & CFO | Option exercise | 340 | — |
| Feb 7, 2026 | LaFreniere Nora E. EVP, General Counsel | Option exercise | 1,620 | — |
| Feb 7, 2026 | de Montlivault Stephane President, Otis Asia Pacific | Option exercise | 1,620 | — |
| Feb 7, 2026 | Green Neil EVP & Chief Digital Officer | Tax withheld | 184 | $16.5K |
| Feb 7, 2026 | Armas Joseph Jay President, Otis Americas | Option exercise | 232 | — |
| Feb 7, 2026 | LaFreniere Nora E. EVP, General Counsel | Tax withheld | 751 | $67.5K |
| Feb 7, 2026 | Green Neil EVP & Chief Digital Officer | Option exercise | 608 | — |
| Feb 7, 2026 | Zheng Peiming EVP, Chief Product, Delivery | Option exercise | 1,476 | — |
| Feb 7, 2026 | Gosk Kimberly Shannon EVP & CPO | Option exercise | 322 | — |
| Feb 7, 2026 | Gosk Kimberly Shannon EVP & CPO | Tax withheld | 96 | $8.6K |
| Feb 7, 2026 | Lefebure Thibault Pierre Marie President, Otis EMEA | Tax withheld | 105 | $9.4K |
| Feb 7, 2026 | Lefebure Thibault Pierre Marie President, Otis EMEA | Option exercise | 254 | — |
| Feb 7, 2026 | Ryan Michael Patrick SVP, CAO & Controller | Tax withheld | 100 | $9.0K |
| Feb 7, 2026 | Loh Sally President, Otis Greater China | Option exercise | 330 | — |
| Feb 7, 2026 | Mendez Echevarria Maria Cristina EVP & CFO | Tax withheld | 133 | $12.0K |
| Feb 6, 2026 | Lefebure Thibault Pierre Marie President, Otis EMEA | Tax withheld | 92 | $8.3K |
| Feb 6, 2026 | Lefebure Thibault Pierre Marie President, Otis EMEA | Option exercise | 224 | — |
| Feb 6, 2026 | Gosk Kimberly Shannon EVP & CPO | Tax withheld | 88 | $7.9K |
| Feb 6, 2026 | Ryan Michael Patrick SVP, CAO & Controller | Tax withheld | 102 | $9.2K |
| Feb 6, 2026 | Ryan Michael Patrick SVP, CAO & Controller | Option exercise | 349 | — |
| Feb 6, 2026 | Gosk Kimberly Shannon EVP & CPO | Option exercise | 297 | — |
| Feb 6, 2026 | de Montlivault Stephane President, Otis Asia Pacific | Option exercise | 1,472 | — |
| Feb 6, 2026 | Minarro Viseras Enrique Chief Operating Officer | Tax withheld | 1,153 | $103.6K |
| Feb 6, 2026 | Minarro Viseras Enrique Chief Operating Officer | Option exercise | 2,453 | — |
| Feb 6, 2026 | LaFreniere Nora E. EVP, General Counsel | Tax withheld | 616 | $55.3K |
| Feb 6, 2026 | Mendez Echevarria Maria Cristina EVP & CFO | Tax withheld | 119 | $10.7K |
| Feb 6, 2026 | Mendez Echevarria Maria Cristina EVP & CFO | Option exercise | 302 | — |
| Feb 6, 2026 | LaFreniere Nora E. EVP, General Counsel | Option exercise | 1,617 | — |
| Feb 6, 2026 | Marks Judith Fran Chair, CEO and President | Tax withheld | 5,306 | $476.7K |
| Feb 6, 2026 | Marks Judith Fran Chair, CEO and President | Option exercise | 11,787 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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