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 17.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Growth in operating income suggests that the core business is becoming more profitable and efficient.
Detailed definition
The profit realized from a business's own operations after deducting operating expenses like wages, depreciation, and co...
Peer comparison
This is a key metric for comparing the fundamental business performance of companies with different tax or debt structures.
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 | $1.32B | $1.08B | $1.35B | $1.48B | $1.50B | $1.65B | $1.46B | -$1.40B | $1.85B | $1.87B | $529.00M | $2.03B | $2.11B | $2.04B | $2.15B | $2.52B | $2.60B | $2.56B |
| QoQ Change | — | +4.8% | -1.7% | -18.2% | +25.3% | +9.4% | +1.4% | +10.1% | -11.7% | -195.7% | +232.3% | +1.2% | -71.7% | +283.4% | +4.1% | -3.6% | +5.5% | +17.6% | +2.9% | -1.6% |
| YoY Change | — | — | — | — | +5.5% | +10.2% | +13.7% | +53.0% | +7.8% | -194.3% | +23.1% | +13.2% | -63.7% | +245.3% | +14.3% | +8.8% | +305.7% | +24.4% | +23.0% | +25.6% |
Business Segments
| 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 member, 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 17.0% compound annual growth rate (CAGR), from $4.96B to $9.30B.
- What does operating income mean?
- The profit earned from core business activities, before accounting for interest and taxes.