Carrier Global (CARR) Revenue — Quarter Ended Sep 30, 2025
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease reflects lower product sales, while service sales remained relatively stable.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease reflects lower product sales, while service sales remained relatively stable.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.6B
Revenue reported for this quarter.
Quarter-over-quarter
-8.7%
Change from the immediately preceding quarter.
Year-over-year
-6.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2024 | $5.1B | +19.3% |
| Mar 31, 2025 | $5.2B | -3.7% |
| Jun 30, 2025 | $6.1B | +3.0% |
| Sep 30, 2025 | $5.6B | -6.8% |
Revenue performance
The reported revenue for the quarter was lower than the immediately preceding quarter, continuing a pattern of quarterly fluctuation. Compared with the same quarter one year earlier, revenue also decreased.
Quarterly comparison
Revenue fell from the prior quarter and from the same quarter a year ago. The sequential decline followed a gain in the previous quarter, while the year-over-year drop was steeper than the sequential change.
What to watch
Monitor whether product sales continue to decline in upcoming quarters, as they were the primary driver of the revenue decrease.