Service sales — Net Sales
Otis Worldwide Service sales — 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 sales — 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
How to read this metric
An increase indicates a growing installed base of units under contract or successful price realization in service agreements, while a decrease may signal contract losses or reduced modernization activity.
Detailed definition
This metric represents the total revenue generated from maintenance, repair, and modernization services provided for ins...
Peer comparison
Comparable to 'Service Revenue' or 'Aftermarket Sales' in industrial capital goods companies with long-term maintenance contracts.
otis_segment_service_sales_net_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 | $1.97B | $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% |
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Frequently Asked Questions
- What is Otis Worldwide's service sales — net sales?
- Otis Worldwide (OTIS) reported service sales — net sales of $2.42B in Q1 2026.
- How has Otis Worldwide's service sales — net sales changed year-over-year?
- Otis Worldwide's service sales — 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 sales — net sales?
- Over 4 years (2021 to 2025), Otis Worldwide's service sales — net sales has grown at a 4.7% compound annual growth rate (CAGR), from $7.87B to $9.44B.
- What does service sales — net sales mean?
- The total revenue earned from maintaining and servicing existing elevator and escalator equipment.