Company file · JCI

Johnson Controls

EMEA was Johnson Controls' fastest-growing segment in FY2025, up 7.5%

Revenue rose 2.8% to $23.6B in FY2025, from $23.0B in FY2024. Net income rose 93.0% to $3.3B. Americas was the largest segment, at 67% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2025 (filed Nov 14, 2025) · Latest quarter: 10-Q for the quarter ended Jun 30, 2026 (filed Jul 29, 2026) · Data pulled Oct 28, 2026

Key facts

In fiscal 2025, which ended Sep 30, 2025, Johnson Controls (NYSE: JCI) took in $23.6B of revenue (up 2.8% on fiscal 2024); net income was $3.3B (up 93.0%). The most recent quarter, ended Jun 30, 2026, brought revenue of $6.6B, up 9.3% year over year, with net income of $749M. Americas was the biggest single line by segment: 67% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Nov 14, 2025) and 10-Q for the quarter ended Jun 30, 2026 (filed Jul 29, 2026).

Revenue$23.6BFY2025 · +2.8% vs FY2024

Net income$3.3BFY2025 · +93.0% vs FY2024

Cash & equivalents$641Mat Jun 30, 2026 · +69.1% vs FY2025 end

Total debt$10.5BFY2025 end · +4.2% vs FY2024

Diluted shares654MFY2025 avg · −3.2% vs FY2024

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2025, filed Nov 14, 2025

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q3, $bn (each quarter from that quarter's 10-Q)

FY2025FY2026

Source: 10-Q filed Feb 4, 2026 · 10-Q filed May 6, 2026 · 10-Q filed Jul 29, 2026

How it makes money

By segment, FY2025

LineAmountSharevs FY2024
Americas$15.8B67%+1.4%
EMEA$5.0B21%+7.5%
APAC$2.8B12%+2.6%

Source: 10-K FY2025, XBRL breakdown

By segment in FY2025: Americas (67%), EMEA (21%) and APAC (12%), as shares of total revenue. Total revenue was $23.6B.

By segment: three-year mixShare of the total each fiscal year

FY2023

65%20%15%

FY2024

68%20%12%

FY2025

67%21%12%

AmericasEMEAAPAC

Source: 10-K FY2025

By product or service, FY2025

Products and Systems$16.1B68%+1.0%

Services$7.5B32%+7.0%

Share is of the FY2025 total; the last column is the change from FY2024.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q3 FY2026 (Apr to Jun 2026) compared with Q3 FY2025 (Apr to Jun 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q3 FY2026Q3 FY2025

Company

Revenue

$6.6B Q3 FY2026

$6.1B Q3 FY2025

9.3% increase

Net income

$749M Q3 FY2026

$701M Q3 FY2025

6.8% increase

Source: Johnson Controls 10-Q for the quarter ended Jun 30, 2026, filed Jul 29, 2026

By segment

Americas

$4.5B Q3 FY2026

$4.0B Q3 FY2025

11.4% increase

EMEA

$1.3B Q3 FY2026

$1.3B Q3 FY2025

0.7% decrease

APAC

$846M Q3 FY2026

$737M Q3 FY2025

14.8% increase

Source: Johnson Controls 10-Q for the quarter ended Jun 30, 2026, filed Jul 29, 2026

Cash & equivalents $641M at Jun 30, 2026, vs $379M at FY2025 end.

The bull case and the bear case

The bull case

Revenue rose 2.8% in FY2025 to $23.6B, from $23.0B a year earlier. 10-K, FY2025
Net income rose 93.0% in FY2025 to $3.3B, from $1.7B. 10-K, FY2025
Diluted shares fell 3.2% in FY2025, so each share represents a larger slice of profit. 10-K, FY2025
Revenue in the quarter ended Jun 30, 2026 was $6.6B, up 9.3% on a year earlier. 10-Q, quarter ended Jun 30, 2026

The bear case

Total debt rose 4.2% in FY2025 to $10.5B. 10-K, FY2025
The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include economic cycles; costs and supply; trade and tariffs. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Johnson Controls is in the building products industry, part of the industrials sector. The SEC files it under Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip.

Johnson Controls reports 3 segments: Americas, EMEA and APAC.

Its fiscal year ends in September; the latest, FY2025, ended Sep 30, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the building products industry. They are not a summary of Johnson Controls’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

Economic cyclesDemand for equipment and services rises and falls with business investment.
Costs and supplyMaterial, labor and supplier problems can raise costs or delay delivery.
Trade and tariffsTariffs and trade policy affect costs and sales.
Contracts and backlogLarge projects and government contracts can be delayed, cut or repriced.
Regulation and liabilitySafety, environmental and product-liability rules can raise costs.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2023	FY2024	FY2025
Revenue	$22.3B	$23.0B	$23.6B
Net income	$1.8B	$1.7B	$3.3B
Cash & equivalents (year end)	$828M	$606M	$379M
Total debt (year end)	$9.5B	$10.1B	$10.5B
Diluted shares	687M	676M	654M

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
Total debt: Short-term borrowings and the current part of long-term debt and lease obligations plus long-term debt, at carrying value.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator

About these numbers

What we left out

Operating cash flow: the company's filing data doesn't carry it for all the years shown, so it isn't shown.

Recent filings

Form	Filed	Period
10-Q	Jul 29, 2026	Jun 30, 2026
10-Q	May 6, 2026	Mar 31, 2026
10-Q	Feb 4, 2026	Dec 31, 2025
DEF 14A	Jan 16, 2026	Mar 4, 2026
10-K	Nov 14, 2025	Sep 30, 2025

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Johnson Controls

How does Johnson Controls make money?

In fiscal 2025, revenue totaled $23.6B. By segment in FY2025: Americas (67%), EMEA (21%) and APAC (12%), as shares of total revenue. Total revenue was $23.6B. Source: 10-K for fiscal 2025, filed Nov 14, 2025.

What was Johnson Controls's revenue in fiscal 2025?

Revenue came to $23.6B in the year ended Sep 30, 2025. Going back two years, it was $22.3B in fiscal 2023 and $23.0B in fiscal 2024, so the latest year was up 2.8%. Source: 10-K for fiscal 2025, filed Nov 14, 2025.

Is Johnson Controls profitable?

Yes, by US accounting rules (GAAP): net income was $3.3B in fiscal 2025, up 93.0% from $1.7B a year earlier. For the quarter ended Jun 30, 2026, net income was $749M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Nov 14, 2025.

What did Johnson Controls report in its latest quarterly filing?

The 10-Q for the quarter ended Jun 30, 2026 shows revenue of $6.6B, against $6.1B in the same quarter a year before (up 9.3%), and net income of $749M, against $701M (up 6.8%). Source: 10-Q for the quarter ended Jun 30, 2026, filed Jul 29, 2026.

What are the main risks Johnson Controls faces?

Johnson Controls's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Nov 14, 2025. Risks that are common among companies in the building products industry include Economic cycles; costs and supply; trade and tariffs; contracts and backlog; regulation and liability. The first: Demand for equipment and services rises and falls with business investment. Source: 10-K, Item 1A Risk Factors.

Where do these Johnson Controls numbers come from?

Two filings Johnson Controls made with the SEC: its fiscal 2025 10-K, filed Nov 14, 2025, and its 10-Q for the quarter ended Jun 30, 2026, filed Jul 29, 2026. The figures are taken from the XBRL data the SEC publishes, and every one links back to its source. Methodology explains how fiscal years and missing numbers are handled.

Disclosures

Editor holdings in JCI: The editor holds no position in Johnson Controls (JCI). As of Oct 25, 2026.
Trading rule: The editor does not buy or sell JCI from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Oct 28, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold JCI, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
Johnson ControlsJCI	FY2025	$23.6B	+2.8%	$3.3B
Trane TechnologiesTT	FY2025	$21.3B	+7.5%	$2.9B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.