Business Segments · Cost of Sales
Service — Cost of Sales
Otis Worldwide Service — Cost of Sales decreased by 2.4% to $1.53B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.9%, from $1.36B to $1.53B. Over 3 years (FY 2022 to FY 2025), Service — Cost of Sales shows an upward trend with a 6.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2022
Last reportedQ1 2026
Rolls up toTotal Cost of Revenue
How to read this metric
An increase relative to sales suggests rising labor or material costs, potentially compressing margins.
Detailed definition
Includes all direct costs associated with providing maintenance and repair services, such as labor, parts, and logistics...
Peer comparison
Standard cost of goods sold (COGS) equivalent for service-based segments.
Metric ID:
otis_segment_service_cost_of_salesHistorical Data
17 periods
| 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 | $1.20B | $1.20B | $1.20B | $1.20B | $1.29B | $1.29B | $1.29B | $1.29B | $1.34B | $1.35B | $1.38B | $1.46B | $1.36B | $1.44B | $1.49B | $1.56B | $1.53B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +8.0% | +0.0% | +0.0% | +0.0% | +3.5% | +1.0% | +2.0% | +6.1% | -6.8% | +5.6% | +3.8% | +4.6% | -2.4% |
| YoY Change | — | — | — | — | +8.0% | +8.0% | +8.0% | +8.0% | +3.5% | +4.5% | +6.6% | +13.1% | +1.8% | +6.5% | +8.3% | +6.8% | +11.9% |
Range$1.20B – $1.56B
CAGR+6.2%
Avg YoY Growth+7.3%
Median YoY Growth+8.0%
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Frequently Asked Questions
- What is Otis Worldwide's service — cost of sales?
- Otis Worldwide (OTIS) reported service — cost of sales of $1.53B in Q1 2026.
- How has Otis Worldwide's service — cost of sales changed year-over-year?
- Otis Worldwide's service — cost of sales increased by 11.9% year-over-year, from $1.36B to $1.53B.
- What is the long-term trend for Otis Worldwide's service — cost of sales?
- Over 3 years (2022 to 2025), Otis Worldwide's service — cost of sales has grown at a 6.9% compound annual growth rate (CAGR), from $4.79B to $5.86B.
- What does service — cost of sales mean?
- The direct costs incurred to deliver maintenance and repair services.