Otis Worldwide (OTIS) Tax Provisions (2019 - 2026)
Otis Worldwide (OTIS) reported Tax Provisions of $127.0 million for Q1 2026, up 15.45% year-over-year from $110.0 million in Q1 2025, and down 10.56% quarter-over-quarter 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.
- Tax Provisions for Q1 2026 came in at $127.0 million, up 15.45% year-over-year; the trailing twelve-month figure through Mar 2026 was $496.0 million (up 71.63% YoY), and the FY2025 annual result was $479.0 million, up 57.05% from the prior year.
- Tax Provisions eased to $127.0 million in Q1 2026 per OTIS's latest filing, from $142.0 million in the prior quarter.
- Over five years, Tax Provisions peaked at $143.0 million in Q3 2022 and troughed at -$45.0 million in Q3 2024.
- A 5-year average of $115.5 million and a median of $129.0 million in 2025 frame the typical range for Tax Provisions.
- The sharpest annual moves came in 2024 and 2025: Tax Provisions plunged 132.85% in 2024, then soared 386.67% in 2025.
- A 5-year view of Tax Provisions shows it stood at $137.0 million in 2022, then declined by 2.92% to $133.0 million in 2023, then retreated by 2.26% to $130.0 million in 2024, then climbed by 9.23% to $142.0 million in 2025, then retreated by 10.56% to $127.0 million in 2026.
- Business Quant data shows OTIS's Tax Provisions at $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 | 251.14 Bn | 242.11 Bn | 1.78 Bn | 354.00 Mn |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | 240.00 Mn |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | 215.00 Mn |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | 254.00 Mn |
| 5 | Emerson Electric | 77.51 Bn | 75.74 Bn | 2.42 Bn | 175.00 Mn |
| 6 | Illinois Tool Works | 72.86 Bn | 72.03 Bn | 1.76 Bn | 199.00 Mn |
| 7 | Ametek | 51.86 Bn | 51.38 Bn | 717.56 Mn | 93.62 Mn |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | 89.00 Mn |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | 60.15 Mn |
| 10 | Otis Worldwide | 27.30 Bn | 26.54 Bn | 2.61 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 |