Otis Worldwide (OTIS) Tax Rate (2019 - 2026)
Otis Worldwide's Tax Rate was 17.92% in Q2 2026, down 0.89 percentage points from 18.81% a year earlier and down 8.54 percentage points from the prior quarter.
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Analysis
Otis Worldwide (OTIS) Tax Rate (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Otis Worldwide's Tax Rate was 23.92% through Jun 30, 2026, up 8.35 percentage points year-over-year; for FY2025, it was 24.77%, up 9.81 percentage points from FY2024.
- Tax Rate shows a five-year change of -5.35 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 14.96% in FY2024 (-11.28 pp), 26.24% in FY2023 (-1.25 pp), 27.49% in FY2022 (-0.10 pp) and 27.59% in FY2021 (-2.52 pp).
- The Q2 2026 figure marks the lowest quarterly Tax Rate since Q2 2024.
- Compared with a year earlier, Tax Rate was higher in three of the last six quarters, with an average year-over-year change of +0.17 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q1 2025 (a gain of 4.85 percentage points); the worst was Q2 2024 (a drop of 7.63 percentage points).
- Per Business Quant data, OTIS's Tax Rate in the three quarters before Q2 2026 was 26.46% (Q1 2026), 27.00% (Q4 2025) and 24.76% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 92.12 Bn | 86.76 Bn | 2.38 Bn | 17.11% |
| 2 | Johnson Controls International | 85.49 Bn | 85.52 Bn | 2.71 Bn | - |
| 3 | Carrier Global | 43.38 Bn | 38.12 Bn | 1.90 Bn | - |
| 4 | Comfort Systems Usa | 38.65 Bn | 32.60 Bn | 934.48 Mn | 22.99% |
| 5 | Otis Worldwide | 29.75 Bn | 26.31 Bn | 1.16 Bn | 22.83% |
| 6 | James Hardie Industries | 16.90 Bn | 16.08 Bn | 562.40 Mn | 34.12% |
| 7 | Masco | 16.35 Bn | 14.41 Bn | 720.00 Mn | 25.47% |
| 8 | Allegion | 15.98 Bn | 14.60 Bn | 548.20 Mn | 17.51% |
| 9 | Carlisle Companies | 15.35 Bn | 12.26 Bn | 494.90 Mn | 23.16% |
| 10 | Madison Air Solutions | 12.59 Bn | 9.25 Bn | 422.70 Mn | 15.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.83% |
| Jun 30, 2026 | 17.92% |
| Mar 31, 2026 | 26.46% |
| Dec 31, 2025 | 27.00% |
| Sep 30, 2025 | 24.76% |
| Jun 30, 2025 | 18.81% |
| Mar 31, 2025 | 30.05% |
| Dec 31, 2024 | 26.92% |
| Jun 30, 2024 | 17.28% |
| Mar 31, 2024 | 25.20% |
| Dec 31, 2023 | 27.88% |
| Sep 30, 2023 | 25.75% |
| Jun 30, 2023 | 24.91% |
| Mar 31, 2023 | 26.67% |
| Dec 31, 2022 | 30.11% |
| Sep 30, 2022 | 29.01% |
| Jun 30, 2022 | 22.84% |
| Mar 31, 2022 | 27.81% |
| Dec 31, 2021 | 30.65% |
| Sep 30, 2021 | 25.25% |
API Access
Otis Worldwide Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=OTIS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "OTIS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=OTIS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();