Otis Worldwide (OTIS) Tax Provisions (2019 - 2026)
Otis Worldwide (OTIS) posted quarterly Tax Provisions of $98.0 million for Q2 2026, little changed year-over-year from $98.0 million in Q2 2025, and down 22.83% quarter-over-quarter from $127.0 million in Q1 2026.
Otis Worldwide (OTIS) Tax Provisions (2019 - 2026) Analysis & Trends
Otis Worldwide (OTIS) has reported Tax Provisions for 8 consecutive years, with $98.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Tax Provisions changed 0.0% year-over-year to $98.0 million; the TTM figure through Jun 2026 stood at $496.0 million (up 69.28% YoY), while the FY2025 annual figure was $479.0 million, up 57.05% from the prior year.
- Tax Provisions retreated to $98.0 million in Q2 2026 per OTIS's latest filing, from $127.0 million in the prior quarter.
- Across five years, Tax Provisions topped out at $143.0 million in Q3 2022 and bottomed at -$45.0 million in Q3 2024.
- Historically, Tax Provisions has averaged $114.5 million across 5 years, with a median of $128.5 million in 2023.
- Annual changes were most pronounced in 2024 — Tax Provisions plunged 132.85% — and 2025, when it soared 386.67%.
- Otis Worldwide's Tax Provisions stood at $137.0 million in 2022, then fell by 2.92% to $133.0 million in 2023, then decreased by 2.26% to $130.0 million in 2024, then grew by 9.23% to $142.0 million in 2025, then tumbled by 30.99% to $98.0 million in 2026.
- Business Quant data shows OTIS's Tax Provisions at $98.0 million in Q2 2026, $127.0 million in Q1 2026, and $142.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.94 Bn | 243.82 Bn | 2.36 Bn | 276.00 Mn |
| 2 | Eaton | 163.14 Bn | 162.45 Bn | 2.86 Bn | 321.00 Mn |
| 3 | Parker-Hannifin | 126.50 Bn | 126.02 Bn | 2.02 Bn | 215.00 Mn |
| 4 | Emerson Electric | 87.87 Bn | 85.69 Bn | 2.66 Bn | 198.00 Mn |
| 5 | Cummins | 81.13 Bn | 76.46 Bn | 2.47 Bn | 325.00 Mn |
| 6 | Illinois Tool Works | 80.86 Bn | 80.02 Bn | 1.90 Bn | 265.00 Mn |
| 7 | Ametek | 54.87 Bn | 54.38 Bn | 735.04 Mn | 85.48 Mn |
| 8 | Rockwell Automation | 48.51 Bn | 48.03 Bn | 1.14 Bn | 62.00 Mn |
| 9 | Ingersoll Rand | 31.31 Bn | 30.14 Bn | 862.60 Mn | 69.10 Mn |
| 10 | Otis Worldwide | 27.38 Bn | 26.57 Bn | 1.14 Bn | 98.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 98.00 Mn |
| Mar 31, 2026 | 127.00 Mn |
| Dec 31, 2025 | 142.00 Mn |
| Sep 30, 2025 | 129.00 Mn |
| Jun 30, 2025 | 98.00 Mn |
| Mar 31, 2025 | 110.00 Mn |
| Dec 31, 2024 | 130.00 Mn |
| Sep 30, 2024 | -45.00 Mn |
| Jun 30, 2024 | 94.00 Mn |
| Mar 31, 2024 | 126.00 Mn |
| Dec 31, 2023 | 133.00 Mn |
| Sep 30, 2023 | 137.00 Mn |
| Jun 30, 2023 | 135.00 Mn |
| Mar 31, 2023 | 128.00 Mn |
| Dec 31, 2022 | 137.00 Mn |
| Sep 30, 2022 | 143.00 Mn |
| Jun 30, 2022 | 103.00 Mn |
| Mar 31, 2022 | 136.00 Mn |
| Dec 31, 2021 | 137.00 Mn |
| Sep 30, 2021 | 128.00 Mn |