Otis Worldwide Corporation (OTIS) Accounts Payable
The a/p for Otis Worldwide Corporation (OTIS) is $2.14 Billion with a year-over-year change of +14.00%. Accounts Payable (A/P) represents money the company owes to suppliers and vendors for goods and services received but not yet paid for.
OTIS A/P Chart
Current A/P
$2.14B
$2.14 Billion
Year-over-Year Change
+14.00%
vs. $1.88B prior year
Historical Data
9
Years of data available
Annual A/P History
| Year | A/P | YoY Change | % Change |
|---|---|---|---|
| 2025 | $2.14B | +$263.00M | +14.00% |
| 2024 | $1.88B | +$1.00M | +0.05% |
| 2023 | $1.88B | +$161.00M | +9.38% |
| 2022 | $1.72B | +$161.00M | +10.35% |
| 2021 | $1.56B | +$103.00M | +7.09% |
| 2020 | $1.45B | +$122.00M | +9.17% |
| 2019 | $1.33B | $-20.00M | -1.48% |
| 2018 | $1.35B | +$48.00M | +3.68% |
| 2017 | $1.30B | — | — |
About Otis Worldwide Corporation
Otis Worldwide Corporation is a global leader specializing in the manufacturing, installation, and servicing of elevators and escalators, with significant operations in the United States, China, and numerous other international markets. The company's business is organized into two primary divisions: New Equipment and Service. Its New Equipment segment is responsible for the design, fabrication, sale, and fitting of a diverse array of passenger and freight elevators, escalators, and moving walkways, catering to residential and commercial properties, as well as large-scale infrastructure endeavors. Conversely, the Service segment offers extensive maintenance, repair, and modernization services aimed at upgrading existing elevator and escalator systems. Otis maintains a substantial global service footprint, employing approximately 34,000 service technicians across roughly 1,400 branches and offices. The company, established in 1853, is headquartered in Farmington, Connecticut.
- Sector
- Industrials
- Industry
- Industrial - Machinery
- CEO
- Judith F. Marks