Maintenance & Repair was Otis Worldwide’s largest product and service line in fiscal 2025, bringing in $7.58B of $14.43B (53%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Maintenance & Repair | $6.39B | $6.87B | $7.21B | $7.58B | ||||
| New Equipment | $5.86B | $5.81B | $5.37B | $4.99B | ||||
| Modernization | $1.43B | $1.53B | $1.68B | $1.86B | ||||
| Total | $13.69B | $14.21B | $14.26B | $14.43B |
Otis Worldwide brought in $14.43B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 1.2% from $14.26B in fiscal 2024. Maintenance & Repair was the largest at $7.58B (52.6%), ahead of New Equipment at $4.99B (34.6%) and Modernization at $1.86B (12.9%).
Compared with fiscal 2024, Modernization grew fastest, up 10.4% to $1.86B, while New Equipment fell the most, down 7.0% to $4.99B. From fiscal 2022 to 2025, combined revenue from these lines grew from $13.69B to $14.43B, a compound annual growth rate of 1.8%. Maintenance & Repair's share of the total rose from 46.7% to 52.6%.
Other was Otis Worldwide’s largest region in fiscal 2025, bringing in $8.59B of $14.43B (60%).
| Geography | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Other | $7.28B | $7.74B | $8.10B | $8.59B | ||||
| United States Operations | $3.83B | $4.03B | $4.24B | $4.19B | ||||
| China | $2.57B | $2.44B | $1.92B | $1.65B | ||||
| Total | $13.69B | $14.21B | $14.26B | $14.43B |
Otis Worldwide brought in $14.43B from its three regions in fiscal 2025, the year ended December 31, 2025. That was up 1.2% from $14.26B in fiscal 2024. Other was the largest at $8.59B (59.5%), ahead of United States Operations at $4.19B (29.0%) and China at $1.65B (11.4%).
Compared with fiscal 2024, Other grew fastest, up 6.0% to $8.59B, while China fell the most, down 14.0% to $1.65B. From fiscal 2022 to 2025, combined revenue from these regions grew from $13.69B to $14.43B, a compound annual growth rate of 1.8%. Other's share of the total rose from 53.2% to 59.5%.
Service was Otis Worldwide’s largest segment in fiscal 2025, bringing in $9.44B of $14.43B (65%).
| Segment | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Service | $7.80B | $8.40B | $8.89B | $9.44B | ||||
| New Equipment | $5.78B | $5.81B | $5.37B | $4.99B | ||||
| Total | $13.58B | $14.21B | $14.26B | $14.43B |
Otis Worldwide brought in $14.43B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 1.2% from $14.26B in fiscal 2024. Service was the largest at $9.44B (65.4%), ahead of New Equipment at $4.99B (34.6%).
Compared with fiscal 2024, Service grew 6.2% to $9.44B, while New Equipment fell 7.0% to $4.99B. From fiscal 2022 to 2025, combined revenue from these segments grew from $13.58B to $14.43B, a compound annual growth rate of 2.0%. Service's share of the total rose from 57.4% to 65.4%.
Otis Worldwide (OTIS) reports its revenue by product and service, by geography and by segment. In fiscal 2025, Maintenance & Repair was its largest product and service line, bringing in $7.58B (52.6% of the total), followed by New Equipment at $4.99B (34.6%).
Maintenance & Repair was Otis Worldwide's largest product and service line in fiscal 2025, bringing in $7.58B, or 52.6% of the $14.43B total across its three product and service lines.
Other was Otis Worldwide's largest region in fiscal 2025, bringing in $8.59B, or 59.5% of the $14.43B total across its three regions.
Service was Otis Worldwide's largest segment in fiscal 2025, bringing in $9.44B, or 65.4% of the $14.43B total across its two segments.
Among Otis Worldwide's product and service lines that make up at least 2% of revenue, Modernization grew fastest in fiscal 2025, up 10.4% from $1.68B to $1.86B.
Every figure comes from Otis Worldwide's annual financial filings, as reported. Each line keeps the name Otis Worldwide gives it, and years follow its fiscal calendar.
Otis Worldwide's revenue by product and service goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.