FORM 10-Q____________________________________ ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended June30, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period fromto Commission file number 001-39221____________________________________ OTIS WORLDWIDE CORPORATION(Exact name of registrant as specified in its charter) ____________________________________ 83-3789412 Delaware (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation) One Carrier Place, Farmington, Connecticut 06032(Address of principal executive offices, including zip code) (860) 674-3000(Registrant's telephone number, including area code)____________________________________ Securities registered pursuant to Section12(b) of the Act: Title of each classCommon Stock ($0.01 par value)0.318% Notes due 20262.875% Notes due 20270.934% Notes due 2031 Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has beensubject to such filing requirements for the past 90 days.Yes.No. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405) during the preceding 12 months (or for such shorter period that the registrant was required to submitand post such files).Yes.No. Table of Contents Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company,"and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large Accelerated FilerAccelerated FilerNon-accelerated FilerSmallerReportingCompany☐Emerging GrowthCompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐.No. As of July15, 2026 there were 380,669,339 shares of Common Stock outstanding. OTIS WORLDWIDE CORPORATIONCONTENTS OF QUARTERLY REPORT ON FORM 10-QQuarter Ended June30, 2026 PART I – FINANCIAL INFORMATION Item1. Financial Statements:4Condensed Consolidated Statements of Operations for the quarters ended June 30, 2026 and 20254Condensed Consolidated Statements of Operations for the six months ended June30, 2026 and 20255Condensed Consolidated Statements of Comprehensive Income for the quarters and six months ended June 30, 2026 and 20256Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 20257Condensed Consolidated Statements of Changes in Equity for the quarters ended June 30, 2026 and 20258Condensed Consolidated Statements of Changes in Equity for the six months ended June30, 2026 and 20259Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2026 and 202510Notes to Condensed Consolidated Financial Statements11Report of Independent Registered Public Accounting Firm30Item2. Management's Discussion and Analysis of Financial Condition and Results of Operations31Item3. Quantitative and Qualitative Disclosures About Market Risk46Item4. Controls and Procedures46PART II – OTHER INFORMATION49Item1. Legal Proceedings49Item1A. Risk Factors49Item2. Unregistered Sales of Equity Securities and Use of Proceeds49Item5. Other Information49Item6. Exhibits50SIGNATURES51 Otis Worldwide Corporation's and its subsidiaries' names, abbreviations thereof, logos, and product and service designators are all either theregistered or unregistered trademarks or tradenames of Otis Worldwide Corporation and its subsidiaries. Names, abbreviations of names,logos, and products and service designators of other companies are either the registered or unregistered trademarks or tradenames of theirrespective owners. As used herein, the terms "we," "us," "our," "the Company" or "Otis," unless the context otherwise requires, mean OtisWorldwide Corporation and its subsidiaries. References to Internet websites in this Form 10-Q are provided for convenience only.Information available through these websites is not incorporated by reference into this Form 10-Q. OTIS WORLDWIDE CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) OTIS WORLDWIDE CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) OTIS WORLDWIDE CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Unaudited) OTIS WORLDWIDE CORPO