Otis Worldwide (OTIS) Deferred Taxes (2019 - 2026)
Otis Worldwide (OTIS) posted quarterly Deferred Taxes of -$42.0 million for Q2 2026, up 43.24% year-over-year from -$29.3 million in Q2 2025, and down 1150.0% quarter-over-quarter from $4.0 million in Q1 2026.
Otis Worldwide (OTIS) Deferred Taxes (2019 - 2026) Analysis & Trends
Otis Worldwide (OTIS) has reported Deferred Taxes for 8 consecutive years, with -$42.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Deferred Taxes rose 43.24% year-over-year to -$42.0 million; the TTM figure through Jun 2026 stood at -$68.0 million (up 15.0% YoY), while the FY2025 annual figure was -$104.0 million, down 235.48% from the prior year.
- Deferred Taxes slipped to -$42.0 million in Q2 2026 per OTIS's latest filing, from $4.0 million in the prior quarter.
- Across five years, Deferred Taxes topped out at $17.0 million in Q1 2022 and bottomed at -$74.0 million in Q2 2025.
- Historically, Deferred Taxes has averaged -$15.6 million across 5 years, with a median of -$12.5 million in 2022.
- Annual changes were most pronounced in 2024 — Deferred Taxes jumped 900.0% — and 2025, when it plunged 2700.0%.
- Otis Worldwide's Deferred Taxes stood at -$22.0 million in 2022, then slipped by 22.73% to -$27.0 million in 2023, then surged by 81.48% to -$5.0 million in 2024, then soared by 60.0% to -$2.0 million in 2025, then sank by 2000.0% to -$42.0 million in 2026.
- Business Quant data shows OTIS's Deferred Taxes at -$42.0 million in Q2 2026, $4.0 million in Q1 2026, and -$2.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.94 Bn | 243.82 Bn | 2.36 Bn | - |
| 2 | Eaton | 163.14 Bn | 162.45 Bn | 2.86 Bn | -98.00 Mn |
| 3 | Parker-Hannifin | 126.50 Bn | 126.02 Bn | 2.02 Bn | 2.00 Mn |
| 4 | Emerson Electric | 87.87 Bn | 85.69 Bn | 2.66 Bn | - |
| 5 | Cummins | 81.13 Bn | 76.46 Bn | 2.47 Bn | 27.00 Mn |
| 6 | Illinois Tool Works | 80.86 Bn | 80.02 Bn | 1.90 Bn | -6.00 Mn |
| 7 | Ametek | 54.87 Bn | 54.38 Bn | 735.04 Mn | -24.42 Mn |
| 8 | Rockwell Automation | 48.51 Bn | 48.03 Bn | 1.14 Bn | - |
| 9 | Ingersoll Rand | 31.31 Bn | 30.14 Bn | 862.60 Mn | - |
| 10 | Otis Worldwide | 27.38 Bn | 26.57 Bn | 1.14 Bn | -42.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -42.00 Mn |
| Mar 31, 2026 | 4.00 Mn |
| Dec 31, 2025 | -2.00 Mn |
| Sep 30, 2025 | -28.00 Mn |
| Jun 30, 2025 | -74.00 Mn |
| Dec 31, 2024 | -5.00 Mn |
| Sep 30, 2024 | -1.00 Mn |
| Jun 30, 2024 | -41.00 Mn |
| Mar 31, 2024 | 16.00 Mn |
| Dec 31, 2023 | -27.00 Mn |
| Sep 30, 2023 | -18.00 Mn |
| Jun 30, 2023 | -14.00 Mn |
| Mar 31, 2023 | -2.00 Mn |
| Dec 31, 2022 | -22.00 Mn |
| Jun 30, 2022 | -11.00 Mn |
| Mar 31, 2022 | 17.00 Mn |
| Dec 31, 2021 | -20.00 Mn |
| Sep 30, 2021 | -33.00 Mn |
| Jun 30, 2021 | -11.00 Mn |
| Mar 31, 2021 | -28.00 Mn |