Otis Worldwide Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission, reporting third-quarter and nine-month financial results for the elevator and escalator manufacturer listed on the NYSE as OTIS.

Key Highlights

  • Nine-month net sales: Total net sales for the nine months ended September 30, 2026 were $11,339 million, up from $10,635 million in the same period of 2025.
  • Nine-month net income attributable to Otis Worldwide Corporation: $1,182 million for the nine months ended September 30, 2026, compared with $1,010 million a year earlier.
  • Nine-month diluted earnings per share: $3.07, based on weighted average diluted shares of 385.1 million.
  • Third-quarter operating profit: $620 million for the quarter ended September 30, 2026, compared with $586 million for the same quarter in 2025.
  • Shares outstanding: 380,710,513 shares of Common Stock outstanding as of October 15, 2026, according to the filing.
  • Total assets: $11,310 million as of September 30, 2026, up from $10,653 million at December 31, 2025.

Otis Worldwide's Financial Position Through September 2026

According to the filing, Otis Worldwide Corporation generates revenue across two categories: product sales and service sales. For the nine months ended September 30, 2026, the company reported product sales of $3,726 million and service sales of $7,613 million, for combined net sales of $11,339 million. The prior-year nine-month period showed product sales of $3,696 million and service sales of $6,939 million, totaling $10,635 million.

The company reported nine-month operating profit of $1,734 million for 2026, compared with $1,544 million for the same period in 2025. After interest expense of $153 million and income tax expense of $351 million, total net income for the nine-month period was $1,228 million, the filing disclosed. Of that amount, $46 million was attributed to noncontrolling interests, leaving net income attributable to Otis Worldwide Corporation of $1,182 million. Nine-month basic earnings per share were $3.08, with diluted earnings per share of $3.07, based on weighted average diluted shares outstanding of 385.1 million.

For the third quarter alone, the filing reported net sales of $3,914 million against $3,690 million in the prior-year quarter. Third-quarter net income attributable to Otis Worldwide Corporation was $414 million, compared with $374 million in the same quarter of 2025. The condensed consolidated balance sheet as of September 30, 2026 showed total assets of $11,310 million and total liabilities of $16,468 million, resulting in total shareholders' equity (deficit) of negative $5,430 million, reflecting in part treasury stock of $5,005 million. Cash and cash equivalents stood at $866 million at September 30, 2026, down from $1,096 million at December 31, 2025.

What Was Disclosed

Otis Worldwide Corporation filed its quarterly report covering the period ended September 30, 2026, disclosing consolidated income statements, balance sheet data, and earnings per share figures for both the third quarter and the nine-month period, along with shares outstanding as of October 15, 2026.