Carrier Global

CARR Industrials Market cap $45.8B as of Oct 29, 2026 16:00 ET S&P 500

Q3 FY26 Jul 1 – Sep 30, 2026 reported Oct 29, 2026

Revenue$6.26B +12% year over year

Operating profit−$2.36B −38% margin

Net profit−$2.59B −41% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Sep 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	6.26	100%	+12%
United States	3.53	56%
Europe	1.59	25%
Asia Pacific	0.97	16%
Other revenue	0.17	3%
Operating expenses	−8.63	138%
R&D	−0.15	3%	+0pp
Other	−8.47	135%
Operating profit	−2.36	−38% margin	−47pp
Interest & other costs	−0.05
Tax	−0.18
Net profit	−2.59	−41% margin	−49pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	5.34	100%	+2%
United States	2.66	50%
Europe	1.55	29%
Asia Pacific	0.99	18%
Other revenue	0.15	3%
Cost of revenue	−3.93	73%
Gross profit	1.42	27% margin	−4pp
R&D	−0.14	3%	+0pp
SG&A	−0.86	16%	+2pp
Other	−0.15	3%	+0pp
Operating profit	0.26	5% margin	−7pp
Interest & other costs	−0.12
Tax benefit	0.10
Net profit	0.24	4% margin	−3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	4.84	100%	−6%
US	2.11	44%	−16%
Europe	1.61	33%	+5%
Asia Pacific	0.96	20%	+3%
Other geographical region	0.16	3%	−4%
Cost of revenue	−3.83	79%
Gross profit	1.01	21% margin	+0pp
R&D	−0.16	3%	+0pp
SG&A	−0.75	16%	+0pp
Operating profit	0.10	2% margin	−13pp
Interest & other costs	−0.08
Tax benefit	0.03
Net profit	0.05	1% margin	+0pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	5.58	100%	−7%
Americas	2.71	49%	−8%
Europe	1.29	23%	+4%
CSAME	0.83	15%	−1%
Transportation	0.75	13%	−20%
Cost of revenue	−4.09	73%
Gross profit	1.49	27% margin	−2pp
R&D	−0.15	3%	+0pp
SG&A	−0.80	14%	+1pp
Operating profit	0.54	10% margin	−3pp
Interest & other costs	−0.11
Net profit	0.43	8% margin	+0pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	6.11	100%	+3%
Americas	3.25	53%	+14%
Europe	1.25	21%	+5%
CSAME	0.88	14%	−2%
Transportation	0.73	12%	−25%
Cost of revenue	−4.24	69%
Gross profit	1.88	31% margin	+3pp
R&D	−0.16	3%	+0pp
SG&A	−0.81	13%	+0pp
Operating profit	0.90	15% margin	+3pp
Interest & other costs	−0.15
Tax	−0.16
Net profit	0.59	10% margin	−30pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY26 Jul 1 – Sep 30, 2026 reported Oct 29, 2026 Operating margin −38% Net profit −$2.59B	Jul 1 – Sep 30, 2026	Oct 29, 2026	$6.3B	+12%	−38%	−$2.59B	−41%
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 30, 2026 Operating margin 5% Net profit $0.24B	Jan 1 – Mar 31, 2026	Apr 30, 2026	$5.3B	+2%	5%	$0.24B	4%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 5, 2026 Operating margin 2% Net profit $0.05B	Oct 1 – Dec 31, 2025	Feb 5, 2026	$4.8B	−6%	2%	$0.05B	1%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 28, 2025 Operating margin 10% Net profit $0.43B	Jul 1 – Sep 30, 2025	Oct 28, 2025	$5.6B	−7%	10%	$0.43B	8%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Jul 29, 2025 Operating margin 15% Net profit $0.59B	Apr 1 – Jun 30, 2025	Jul 29, 2025	$6.1B	+3%	15%	$0.59B	10%