Otis
Installs elevators and escalators, then maintains and modernizes them through a global service network.
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Profile
Designs and installs elevators, escalators, and moving walkways, then earns recurring revenue by maintaining, repairing, and modernizing its own and competitors’ equipment. Service supplies most sales and nearly all segment profit, supported by a global maintenance portfolio.
Runs two businesses worldwide. New Equipment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways for residential, commercial, and infrastructure projects. Service maintains, repairs, and modernizes Otis and competing manufacturers’ equipment.
A dense local network of mechanics, branches, parts centers, and remote monitoring supports contract renewal and conversion of new installations into maintenance accounts. Otis ONE adds real-time monitoring and predictive maintenance to connected equipment, while the global maintenance portfolio creates recurring repair and modernization work.
Service provides most sales and nearly all segment operating profit, while international operations account for most revenue. New-equipment demand remains exposed to construction cycles, particularly China, and both installation and maintenance must satisfy local licensing, building, and elevator-safety codes.
Company facts
Key statistics
Year to date −18.8% · Average volume (30d) 3.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Morgan Stanley | Target | $88 | $75 | ||
| Jul 28, 2026 | RBC Capital | Target | $98 | $90 | ||
| Jul 23, 2026 | Evercore ISI | Reiterate | Outperform | $95 | ||
| Jul 23, 2026 | Bernstein | Reiterate | Outperform | $97 | $90 | |
| Jun 9, 2026 | Bernstein | Target | $97 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $1.01 | $1.01 | 0.0% | $3.76B | $3.86B | +2.6% | +0.51% |
| Apr 22, 2026Q1 FY26 | $0.91 | $0.89 | −2.2% | $3.50B | $3.57B | +1.8% | +2.07% |
| Jan 28, 2026Q4 FY25 | $1.04 | $1.03 | −1.0% | $3.89B | $3.80B | −2.3% | −1.63% |
| Oct 29, 2025Q3 FY25 | $1.01 | $1.05 | +4.0% | $3.66B | $3.69B | +0.8% | −0.95% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.35B | $3.60B | $3.69B | $3.80B | $3.57B | $3.86B | |
| Gross profit | $1.00B | $1.09B | $1.13B | $1.15B | $1.08B | $1.14B | |
| Operating income | $411.0M | $547.0M | $586.0M | $589.0M | $539.0M | $575.0M | |
| Net income | $243.0M | $393.0M | $374.0M | $374.0M | $340.0M | $428.0M | |
| Diluted EPS | $0.61 | $0.99 | $0.95 | $0.95 | $0.87 | $1.12 | |
| Gross margin | 29.9% | 30.3% | 30.7% | 30.2% | 30.3% | 29.4% | |
| Operating margin | 12.3% | 15.2% | 15.9% | 15.5% | 15.1% | 14.9% |
Fiscal years (4-quarter sums)FY21 $14.30B · FY22 $13.69B · FY23 $14.21B · FY24 $14.26B · FY25 $14.43B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $813.0M · Total debt $8.85B · Total assets $11.16B · Shareholders' equity −$5.75B
Dividends
Raised for 4 straight years — most recently to $0.44 from $0.42 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Sep 11 | $0.44 | |
| May 15, 2026 | May 15 | Jun 12 | $0.44 | raised from $0.42 |
| Feb 13, 2026 | Feb 13 | Mar 13 | $0.42 | |
| Nov 14, 2025 | Nov 14 | Dec 5 | $0.42 | |
| Aug 15, 2025 | Aug 15 | Sep 5 | $0.42 | |
| May 16, 2025 | May 16 | Jun 6 | $0.42 | raised from $0.39 |
| Feb 14, 2025 | Feb 14 | Mar 7 | $0.39 | |
| Nov 15, 2024 | Nov 15 | Dec 6 | $0.39 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 380.67M · Float 380.27M · 99.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 31.62M | 8.31% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 25.06M | 6.58% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 19.96M | 5.24% | 13F | Aug 13, 2026 |
| State Street Corp | 16.66M | 4.38% | 13F | Aug 7, 2026 |
| Geode Capital Management, LLC | 12.59M | 3.31% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 7, 2026 | Thibault Pierre Marie Lefebure | officer: President, Otis EMEA | −1,628 | $76.89 |
| Feb 12, 2026 | Stephane de Montlivault | officer: President, Otis Asia Pacific | −47,944 | $92.25 |
| Feb 10, 2026 | Nora E. LaFreniere | officer: EVP, General Counsel | −27,418 | $90.38 |
| Feb 10, 2026 | Michael Patrick Ryan | officer: SVP, CAO & Controller | −1,182 | $90.06 |
| Feb 4, 2026 | Judith Fran Marks | director, officer: Chair, CEO and President | −46,780 | $89.57 |
Peers
Not reported.