Otis Worldwide (OTIS) Revenue — Quarter Ended Mar 31, 2025
Revenue declined in the current quarter compared with both the prior quarter and the same quarter last year. The decrease reflects lower product sales, while service sales showed a modest increase.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue declined in the current quarter compared with both the prior quarter and the same quarter last year. The decrease reflects lower product sales, while service sales showed a modest increase.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.4B
Revenue reported for this quarter.
Quarter-over-quarter
-8.8%
Change from the immediately preceding quarter.
Year-over-year
-2.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.2B
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 |
|---|---|---|
| Jun 30, 2024 | $3.6B | -3.2% |
| Sep 30, 2024 | $3.5B | +0.7% |
| Dec 31, 2024 | $3.7B | +1.5% |
| Mar 31, 2025 | $3.4B | -2.5% |
Revenue performance
The reported revenue moved downward from the immediately preceding quarter and from the same quarter one year earlier. Product sales fell, partially offset by a rise in service sales.
Quarterly comparison
Compared with the prior quarter, revenue decreased, reversing the upward trend seen in the two preceding quarters. Versus the same quarter a year ago, revenue was also lower, continuing a pattern of year-over-year decline.
What to watch
Monitor whether product sales continue to decline in future quarters, as this was the primary driver of the revenue drop.