Operating Income
Raytheon Technologies Operating Income decreased by 1.6% to $2.56B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 25.6%, from $2.04B to $2.56B. Over 4 years (FY 2021 to FY 2025), Operating Income shows an upward trend with a 16.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher operating income indicates strong operational efficiency and pricing power, while a decline suggests rising costs or weakening demand.
Detailed definition
Operating income is the profit realized from a company's core business operations after deducting all operating expenses...
Peer comparison
A standard benchmark for operational performance; peers are compared based on operating margin percentages.
operating_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.28B | $1.34B | $1.50B | $1.08B | $1.35B | $1.52B | $1.49B | $1.69B | $1.49B | -$1.40B | $1.78B | $1.87B | $529.00M | $2.03B | $2.11B | $2.04B | $2.15B | $2.52B | $2.60B | $2.56B |
| QoQ Change | — | +4.8% | +11.5% | -27.9% | +25.3% | +12.3% | -1.9% | +13.1% | -11.5% | -193.5% | +227.3% | +5.2% | -71.7% | +283.4% | +4.1% | -3.6% | +5.5% | +17.6% | +2.9% | -1.6% |
| YoY Change | — | — | — | — | +5.5% | +13.2% | -0.5% | +56.2% | +10.3% | -191.8% | +19.2% | +10.8% | -64.6% | +245.3% | +18.8% | +8.8% | +305.7% | +24.4% | +23.0% | +25.6% |
Business Segments — Pratt & Whitney
| Segment | Q2 '21 | Q3 '21 | Q3 '23 | Q1 '25 |
|---|---|---|---|---|
| Pratt & Whitney | $112.00M | $187.00M | -$2.90B | $580.00M |
| Acquisition accounting adjustment member | -$519.00M | -$586.00M | -$517.00M | — |
| FAS/CAS Operating Adjustment | $425.00M | $499.00M | $272.00M | — |
| Raytheon Intelligence & Space | $415.00M | $391.00M | — | — |
| Raytheon Missiles & Defense | $532.00M | $490.00M | — | — |
| Total | $1.28B | $1.34B | -$1.40B | $2.04B |
Acquisition accounting adjustment member, FAS/CAS Operating Adjustment, Pratt & Whitney, Raytheon Intelligence & Space, Raytheon Missiles & Defense were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — Collins Aerospace
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Collins Aerospace | $1.12B | $1.06B | — | $1.09B | $1.17B | $1.26B | $1.40B | $1.31B |
| Raytheon | $127.00M | $647.00M | $824.00M | $678.00M | $805.00M | $859.00M | $885.00M | $841.00M |
| Pratt & Whitney | $542.00M | $557.00M | $504.00M | $580.00M | $492.00M | $751.00M | $773.00M | $710.00M |
| Collins Aerospace Systems | — | — | $1.03B | — | — | — | — | — |
| Total | $529.00M | $2.03B | $2.11B | $2.04B | $2.15B | $2.52B | $2.60B | $2.56B |
Acquisition Accounting Adjustments is derived from annual filings.
Acquisition accounting adjustment, Acquisition Accounting Adjustments, Collins Aerospace Systems, FAS/CAS Operating Adjustment, Raytheon Intelligence & Space, Raytheon Missiles & Defense were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Operating Income at Other Companies
Frequently Asked Questions
- What is Raytheon Technologies's operating income?
- Raytheon Technologies (RTX) reported operating income of $2.56B in Q1 2026.
- How has Raytheon Technologies's operating income changed year-over-year?
- Raytheon Technologies's operating income increased by 25.6% year-over-year, from $2.04B to $2.56B.
- What is the long-term trend for Raytheon Technologies's operating income?
- Over 4 years (2021 to 2025), Raytheon Technologies's operating income has grown at a 16.0% compound annual growth rate (CAGR), from $5.14B to $9.30B.
- What does operating income mean?
- The profit a company makes from its core business operations before interest and taxes.