Carrier Global

CARR · Industrials · Market cap $49.1B

Q1 FY26 Jan 1 – Mar 31, 2026 reported Jul 28, 2026

Revenue$5.3B +2% year over year

Gross profit$1.4B

Operating profit$0.3B

Net profit$0.2B 4% margin

Numbers and detail

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	5.3	100%	+2%
United States	3.5	66%
Europe	1.6	30%
Other	0.2	4%
Cost of revenue	−3.9	74%
Gross profit	1.4	27% margin	−4pp
Research & development	−0.1	3%	+0pp
SG&A	−0.9	16%	+2pp
Other	−0.2	3%	+0pp
Operating profit	0.3	5% margin	−7pp
Interest & other costs	−0.2
Net profit	0.2	4%	−3pp

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	4.8	100%	−6%
US	2.1	44%	−16%
Europe	1.6	33%	+5%
Asia Pacific	1	21%	+3%
Other Geographical Region	0.2	4%	−4%
Research & development	−0.2	3%	+0pp
SG&A	−0.7	15%	+0pp
Other	−3.8	79%	+0pp
Operating profit	0.1	2% margin	−13pp
Net profit	0.1	1%	+0pp

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	5.6	100%	−7%
Climate Solutions Americas	2.7	48%	−8%
Climate Solutions Europe	1.3	23%	+4%
Climate Solutions CSAME	0.8	14%	−1%
Climate Solutions Transportation	0.7	12%	−20%
Cost of revenue	−3.7	66%
Gross profit	1.9	34% margin	+0pp
Research & development	−0.2	3%	+0pp
SG&A	−0.8	14%	+1pp
Other	−0.4	8%	+0pp
Operating profit	0.5	10% margin	−3pp
Interest & other costs	−0.1
Net profit	0.4	8%	+0pp

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	6.1	100%	+3%
Climate Solutions Americas	3.3	54%	+14%
Climate Solutions Europe	1.3	21%	+5%
Climate Solutions CSAME	0.9	15%	−2%
Climate Solutions Transportation	0.7	11%	−25%
Cost of revenue	−3.9	64%
Gross profit	2.2	37% margin	+0pp
Research & development	−0.2	3%	+0pp
SG&A	−0.8	13%	+0pp
Other	−0.4	6%	+0pp
Operating profit	0.9	15% margin	+3pp
Tax	−0.1
Interest & other costs	−0.2
Net profit	0.6	10%	−30pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Jan 1 – Mar 31, 2026	Jul 28, 2026	$5.3B	+2%	6%	$0.2B	4%
Q4 FY25	Oct 1 – Dec 31, 2025	Feb 5, 2026	$4.8B	−6%	2%	$0.1B	1%
Q3 FY25	Jul 1 – Sep 30, 2025	Oct 28, 2025	$5.6B	−7%	9%	$0.4B	8%
Q2 FY25	Apr 1 – Jun 30, 2025	Jul 29, 2025	$6.1B	+3%	15%	$0.6B	10%