Business Segments · Net Sales
Service — Net Sales
Otis Worldwide Service — Net Sales decreased by 3.4% to $2.42B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.5%, from $2.19B to $2.42B. Over 4 years (FY 2021 to FY 2025), Service — Net Sales shows an upward trend with a 4.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ1 2018
Last reportedQ1 2026
Rolls up toTotal Revenue
How to read this metric
Growth indicates successful contract renewals, market share gains, or price increases.
Detailed definition
The total revenue generated by the Service segment from maintenance, repair, and modernization contracts, net of returns...
Peer comparison
Standard revenue reporting for business segments across all industries.
Metric ID:
otis_segment_service_net_salesHistorical Data
20 periods
| 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 | $1.97B | $1.94B | $2.01B | $1.99B | $1.95B | $1.90B | $1.98B | $2.04B | $2.12B | $2.09B | $2.15B | $2.16B | $2.18B | $2.24B | $2.32B | $2.19B | $2.32B | $2.43B | $2.50B | $2.42B |
| QoQ Change | — | -1.8% | +3.5% | -0.7% | -1.9% | -2.9% | +4.3% | +3.1% | +3.8% | -1.3% | +3.2% | +0.1% | +1.1% | +2.7% | +3.5% | -5.7% | +6.0% | +4.9% | +2.9% | -3.4% |
| YoY Change | — | — | — | — | -1.0% | -2.2% | -1.4% | +2.4% | +8.3% | +10.1% | +8.9% | +5.8% | +3.0% | +7.2% | +7.6% | +1.4% | +6.4% | +8.7% | +8.0% | +10.5% |
Range$1.90B – $2.50B
CAGR+4.4%
Avg YoY Growth+5.2%
Median YoY Growth+6.8%
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Frequently Asked Questions
- What is Otis Worldwide's service — net sales?
- Otis Worldwide (OTIS) reported service — net sales of $2.42B in Q1 2026.
- How has Otis Worldwide's service — net sales changed year-over-year?
- Otis Worldwide's service — net sales increased by 10.5% year-over-year, from $2.19B to $2.42B.
- What is the long-term trend for Otis Worldwide's service — net sales?
- Over 4 years (2021 to 2025), Otis Worldwide's service — net sales has grown at a 4.7% compound annual growth rate (CAGR), from $7.87B to $9.44B.
- What does service — net sales mean?
- Total revenue earned from the service division after accounting for discounts and returns.