Otis Worldwide (OTIS) Tax Rate (2019 - 2026)
Otis Worldwide (OTIS) reported Tax Rate of 26.46% for Q1 2026, down 360.0% year-over-year from 10.18% in Q1 2025, and down 1.99% quarter-over-quarter from 27.0% in Q4 2025.
Otis Worldwide (OTIS) Tax Rate (2019 - 2026) Analysis & Trends
Otis Worldwide (OTIS) has 8 years of Tax Rate data on file, last reported at 26.46% in Q1 2026.
- Tax Rate for Q1 2026 came in at 26.46%, down 360.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 24.22% (up 905.0% YoY), and the FY2025 annual result was 24.77%, up 981.0% from the prior year.
- Tax Rate fell to 26.46% in Q1 2026 per OTIS's latest filing, from 27.0% in the prior quarter.
- Over five years, Tax Rate peaked at 30.11% in Q4 2022 and troughed at 8.79% in Q3 2024.
- A 5-year average of 23.69% and a median of 26.46% in 2026 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2024 and 2025: Tax Rate tumbled 3454 bps in 2024, then jumped 3355 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 30.11% in 2022, then dropped by 7 bps to 27.88% in 2023, then fell by 3 bps to 26.92% in 2024, then rose by 0 bps to 27.0% in 2025, then declined by 2 bps to 26.46% in 2026.
- Business Quant data shows OTIS's Tax Rate at 26.46% in Q1 2026, 27.0% in Q4 2025, and 24.76% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 251.14 Bn | 242.11 Bn | 1.78 Bn | 6.94% |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | 21.68% |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | 19.21% |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | 27.19% |
| 5 | Emerson Electric | 77.51 Bn | 75.74 Bn | 2.42 Bn | 22.07% |
| 6 | Illinois Tool Works | 72.86 Bn | 72.03 Bn | 1.76 Bn | 20.58% |
| 7 | Ametek | 51.86 Bn | 51.38 Bn | 717.56 Mn | 18.99% |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | 20.23% |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | 20.12% |
| 10 | Otis Worldwide | 27.30 Bn | 26.54 Bn | 2.61 Bn | 26.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.46% |
| Mar 31, 2026 | 26.46% |
| Dec 31, 2025 | 27.00% |
| Dec 31, 2025 | 27.00% |
| Sep 30, 2025 | 24.76% |
| Sep 30, 2025 | 24.76% |
| Jun 30, 2025 | 18.81% |
| Jun 30, 2025 | 18.81% |
| Mar 31, 2025 | 30.05% |
| Mar 31, 2025 | 30.05% |
| Dec 31, 2024 | 26.92% |
| Dec 31, 2024 | 26.92% |
| Sep 30, 2024 | -8.79% |
| Sep 30, 2024 | -8.79% |
| Jun 30, 2024 | 17.28% |
| Jun 30, 2024 | 17.28% |
| Mar 31, 2024 | 25.20% |
| Mar 31, 2024 | 25.20% |
| Dec 31, 2023 | 27.88% |
| Dec 31, 2023 | 27.88% |