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| Date | Value |
|---|---|
| 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 |