Service sales — Cost of Sales
Otis Worldwide Service sales — Cost of Sales decreased by 2.6% to $1.53B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.1%, from $1.37B to $1.53B. Over 4 years (FY 2021 to FY 2025), Service sales — Cost of Sales shows an upward trend with a 5.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue suggests margin compression due to rising labor costs or inefficiencies, whereas a decrease suggests improved productivity or better supply chain management.
Detailed definition
This metric captures the direct costs associated with delivering maintenance and repair services, including labor, parts...
Peer comparison
Comparable to 'Cost of Services' or 'Service COGS' in companies that provide recurring maintenance and support for industrial machinery.
otis_segment_service_sales_cost_of_salesHistorical 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 | $1.21B | $1.18B | $1.22B | $1.22B | $1.21B | $1.17B | $1.22B | $1.25B | $1.31B | $1.28B | $1.33B | $1.34B | $1.35B | $1.38B | $1.47B | $1.37B | $1.44B | $1.50B | $1.57B | $1.53B |
| QoQ Change | — | -2.4% | +3.7% | -0.4% | -0.3% | -4.0% | +4.6% | +2.7% | +4.6% | -2.1% | +3.7% | +0.9% | +0.9% | +2.0% | +6.3% | -6.5% | +4.9% | +4.2% | +4.4% | -2.6% |
| YoY Change | — | — | — | — | +0.5% | -1.2% | -0.3% | +2.8% | +7.8% | +10.0% | +9.1% | +7.2% | +3.4% | +7.7% | +10.4% | +2.3% | +6.4% | +8.6% | +6.7% | +11.1% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Otis Worldwide's service sales — cost of sales?
- Otis Worldwide (OTIS) reported service sales — cost of sales of $1.53B in Q1 2026.
- How has Otis Worldwide's service sales — cost of sales changed year-over-year?
- Otis Worldwide's service sales — cost of sales increased by 11.1% year-over-year, from $1.37B to $1.53B.
- What is the long-term trend for Otis Worldwide's service sales — cost of sales?
- Over 4 years (2021 to 2025), Otis Worldwide's service sales — cost of sales has grown at a 5.1% compound annual growth rate (CAGR), from $4.81B to $5.88B.
- What does service sales — cost of sales mean?
- The direct expenses incurred to perform maintenance and repair services on installed equipment.