Otis Worldwide (OTIS) Revenue — Quarter Ended Dec 31, 2024
Revenue for the reported quarter increased compared to both the prior quarter and the same quarter one year ago. The sequential growth reversed a decline seen in the prior quarter, while the year-over-year gain extended the positive trend.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue for the reported quarter increased compared to both the prior quarter and the same quarter one year ago. The sequential growth reversed a decline seen in the prior quarter, while the year-over-year gain extended the positive trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
+3.6%
Change from the immediately preceding quarter.
Year-over-year
+1.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.3B
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 |
|---|---|---|
| Mar 31, 2024 | $3.4B | +2.7% |
| Jun 30, 2024 | $3.6B | -3.2% |
| Sep 30, 2024 | $3.5B | +0.7% |
| Dec 31, 2024 | $3.7B | +1.5% |
Revenue performance
The company's revenue rose from the immediately preceding quarter, marking a sequential improvement after a decrease in the prior period. Compared to the same quarter one year earlier, revenue also advanced, reflecting a continued year-over-year increase.
Quarterly comparison
Sequentially, revenue increased from the preceding quarter, reversing the prior quarter's decline. On a year-over-year basis, revenue was higher than the same quarter one year earlier, maintaining the positive annual comparison.
What to watch
The reported quarter's revenue was the highest among the four quarters in the trailing twelve-month period, suggesting a possible peak in the recent revenue cycle.