Otis Worldwide (OTIS) Tax Rate (2019 - 2026)
Otis Worldwide (OTIS) posted quarterly Tax Rate of 17.92% for Q2 2026, down 89.0% year-over-year from 162.87% in Q2 2025, and down 32.29% quarter-over-quarter from 26.46% in Q1 2026.
Otis Worldwide (OTIS) Tax Rate (2019 - 2026) Analysis & Trends
Otis Worldwide (OTIS) has reported Tax Rate for 8 consecutive years, with 17.92% the latest figure, recorded in Q2 2026.
- In Q2 2026, Tax Rate fell 89.0% year-over-year to 17.92%; the TTM figure through Jun 2026 stood at 23.92% (up 835.0% YoY), while the FY2025 annual figure was 24.77%, up 981.0% from the prior year.
- Tax Rate retreated to 17.92% in Q2 2026 per OTIS's latest filing, from 26.46% in the prior quarter.
- Across five years, Tax Rate topped out at 30.11% in Q4 2022 and bottomed at 8.79% in Q3 2024.
- Historically, Tax Rate has averaged 23.37% across 5 years, with a median of 26.11% in 2023.
- Annual changes were most pronounced in 2024 — Tax Rate tumbled 3454 bps — and 2025, when it jumped 3355 bps.
- Otis Worldwide's Tax Rate stood at 30.11% in 2022, then declined by 7 bps to 27.88% in 2023, then retreated by 3 bps to 26.92% in 2024, then gained by 0 bps to 27.0% in 2025, then sank by 34 bps to 17.92% in 2026.
- Business Quant data shows OTIS's Tax Rate at 17.92% in Q2 2026, 26.46% in Q1 2026, and 27.0% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 259.17 Bn | 246.05 Bn | 2.36 Bn | 29.84% |
| 2 | Eaton | 161.52 Bn | 160.83 Bn | 2.86 Bn | 28.06% |
| 3 | Parker-Hannifin | 126.40 Bn | 125.92 Bn | 2.02 Bn | 19.21% |
| 4 | Emerson Electric | 86.56 Bn | 84.38 Bn | 2.66 Bn | 21.62% |
| 5 | Cummins | 81.89 Bn | 77.22 Bn | 2.47 Bn | 25.14% |
| 6 | Illinois Tool Works | 80.94 Bn | 80.10 Bn | 1.90 Bn | 24.54% |
| 7 | Ametek | 54.90 Bn | 54.40 Bn | 735.04 Mn | 17.36% |
| 8 | Rockwell Automation | 47.96 Bn | 47.48 Bn | 1.14 Bn | 13.19% |
| 9 | Ingersoll Rand | 30.93 Bn | 29.76 Bn | 862.60 Mn | 21.13% |
| 10 | Otis Worldwide | 27.48 Bn | 26.67 Bn | 1.14 Bn | 17.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 17.92% |
| Jun 30, 2026 | 17.92% |
| Jun 30, 2026 | 17.92% |
| Mar 31, 2026 | 26.46% |
| Mar 31, 2026 | 26.46% |
| Mar 31, 2026 | 26.46% |
| Dec 31, 2025 | 27.00% |
| Dec 31, 2025 | 27.00% |
| Dec 31, 2025 | 27.00% |
| Sep 30, 2025 | 24.76% |
| Sep 30, 2025 | 24.76% |
| Sep 30, 2025 | 24.76% |
| Jun 30, 2025 | 18.81% |
| Jun 30, 2025 | 18.81% |
| Jun 30, 2025 | 18.81% |
| Mar 31, 2025 | 30.05% |
| Mar 31, 2025 | 30.05% |
| Mar 31, 2025 | 30.05% |
| Dec 31, 2024 | 26.92% |
| Dec 31, 2024 | 26.92% |