Otis Worldwide (OTIS) Tax Provisions (2019 - 2026)

Otis Worldwide's (OTIS) quarterly Tax Provisions came in at $127.0 million in Q1 2026, up 15.45% year-on-year from $110.0 million in Q1 2025, and down 10.56% on a QoQ basis from $142.0 million in Q4 2025.

Otis Worldwide (OTIS) Tax Provisions (2019 - 2026) Analysis & Trends

Otis Worldwide (OTIS) has 8 years of Tax Provisions data on file, last reported at $127.0 million in Q1 2026.

  • On a quarterly basis, Tax Provisions rose 15.45% year-over-year to $127.0 million in Q1 2026; TTM through Mar 2026 was $496.0 million, a 71.63% increase from a year earlier, with the FY2025 full-year figure at $479.0 million, up 57.05% from the prior year.
  • Tax Provisions for Q1 2026 stood at $127.0 million, down from $142.0 million in the prior quarter.
  • Over the last five years, Tax Provisions for OTIS reached as high as $143.0 million in Q3 2022 and fell as low as -$45.0 million in Q3 2024.
  • Historically, Tax Provisions has averaged $115.5 million across 5 years, with a median of $129.0 million in 2025.
  • Across the five-year window, Tax Provisions slumped 132.85% in 2024 and jumped 386.67% in 2025, its largest moves.
  • Year by year, Tax Provisions stood at $137.0 million in 2022, then decreased by 2.92% to $133.0 million in 2023, then dropped by 2.26% to $130.0 million in 2024, then rose by 9.23% to $142.0 million in 2025, then dropped by 10.56% to $127.0 million in 2026.
  • Per Business Quant data, the three most recent Tax Provisions figures were $127.0 million in Q1 2026, $142.0 million in Q4 2025, and $129.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 GE Vernova 270.93 Bn 257.81 Bn 2.36 Bn 276.00 Mn
2 Eaton 156.55 Bn 155.79 Bn 2.65 Bn 240.00 Mn
3 Parker-Hannifin 124.04 Bn 123.57 Bn 2.02 Bn 215.00 Mn
4 Cummins 91.66 Bn 88.48 Bn 2.24 Bn 254.00 Mn
5 Emerson Electric 82.90 Bn 81.11 Bn 2.42 Bn 175.00 Mn
6 Illinois Tool Works 81.54 Bn 80.71 Bn 1.76 Bn 199.00 Mn
7 Ametek 55.40 Bn 54.92 Bn 717.56 Mn 93.62 Mn
8 Rockwell Automation 51.78 Bn 51.35 Bn 1.13 Bn 89.00 Mn
9 Ingersoll Rand 32.99 Bn 31.71 Bn 792.40 Mn 36.10 Mn
10 Otis Worldwide 27.96 Bn 27.13 Bn 2.04 Bn 127.00 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 153.00 Mn