Carrier GlobalCARREarnings & Financial Report
Carrier Global Corporation is an American multinational heating, ventilation, and air conditioning (HVAC), refrigeration, and fire and security equipment corporation based in Palm Beach Gardens, Florida. Carrier was founded in 1915 as an independent company manufacturing and distributing HVAC systems, and has since expanded to include manufacturing commercial refrigeration and food service equipment, and fire and security technologies.
CARR Q1 FY2026 Key Financial Metrics
Revenue
$5.3B
Gross Profit
N/A
Operating Profit
$259.0M
Net Profit
$265.0M
Gross Margin
N/A
Operating Margin
4.8%
Net Margin
5.0%
YoY Growth
2.4%
Carrier Global Q1 FY2026 Financial Summary
Carrier Global reported revenue of $5.3B (up 2.4% YoY) for Q1 FY2026, with a net profit of $265.0M (down 39.4% YoY) (5.0% margin).
Key Financial Metrics
| Total Revenue | $5.3B |
|---|---|
| Net Profit | $265.0M |
| Gross Margin | N/A |
| Operating Margin | 4.8% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Carrier Global Q1 FY2026 revenue of $5.3B breaks down across 2 segments, led by Product sales at $4.7B (87.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Product sales | $4.7B | 87.4% |
| Service sales | $674.0M | 12.6% |
Carrier Global Annual Revenue by Year
Carrier Global annual revenue history includes year-by-year totals (for example, 2025 revenue was $21.7B).
Carrier Global Quarterly Revenue & Net Profit History
Carrier Global results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $5.3B | +2.4% | $265.0M | 5.0% |
| Q4 FY2025 | $4.8B | +33.2% | $53.0M | 1.1% |
| Q3 FY2025 | $5.6B | -6.8% | $428.0M | 7.7% |
| Q2 FY2025 | $6.1B | -8.6% | $591.0M | 9.7% |
| Q1 FY2025 | $5.2B | -15.6% | $412.0M | 7.9% |
| Q4 FY2024 | $3.6B | -28.8% | $2.6B | 70.3% |
| Q3 FY2024 | $6.0B | +4.4% | $447.0M | 7.5% |
| Q2 FY2024 | $6.7B | +11.6% | $2.3B | 34.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.69B | $5.98B | $3.63B | $5.22B | $6.11B | $5.58B | $4.84B | $5.34B |
| YoY Growth | 11.6% | 4.4% | -28.8% | -15.6% | -8.6% | -6.8% | 33.2% | 2.4% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $40.42B | $40.20B | $37.40B | $36.45B | $38.49B | $38.08B | $37.19B | $37.19B |
| Liabilities | $26.34B | $25.16B | $23.01B | $22.25B | $23.48B | $23.24B | $23.06B | $23.39B |
| Equity | $14.08B | $15.04B | $14.39B | $14.20B | $15.01B | $14.84B | $14.13B | $13.80B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $660.0M | $-269.0M | $132.0M | $483.0M | $649.0M | $341.0M | $1.04B |