Deferred Revenue
Moody's Deferred Revenue increased by 15.0% to $1.82B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.1%, from $1.77B to $1.82B. Over 5 years (FY 2020 to FY 2025), Deferred Revenue shows an upward trend with a 7.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong sales of subscription-based services or bundled offerings, providing a predictable pipeline for future revenue recognition.
Detailed definition
Represents cash payments received from customers in advance of the company fulfilling its performance obligations, speci...
Peer comparison
High-growth software and services companies typically maintain larger deferred revenue balances relative to pure hardware manufacturers.
deferred_revenue_currentHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.14B | $1.10B | $1.25B | $1.53B | $1.29B | $1.16B | $1.26B | $1.58B | $1.39B | $1.23B | $1.32B | $1.61B | $1.42B | $1.30B | $1.45B | $1.77B | $1.58B | $1.37B | $1.58B | $1.82B |
| QoQ Change | — | -3.8% | +13.6% | +22.1% | -15.7% | -10.1% | +8.9% | +25.4% | -12.2% | -11.5% | +7.3% | +22.5% | -11.7% | -8.6% | +11.8% | +21.4% | -10.6% | -13.2% | +15.6% | +15.0% |
| YoY Change | — | — | — | — | +12.5% | +5.1% | +0.7% | +3.5% | +7.8% | +6.1% | +4.6% | +2.2% | +2.7% | +6.0% | +10.5% | +9.5% | +10.9% | +5.3% | +8.8% | +3.1% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Moodys Analytics | $1.15B | $1.05B | $1.24B | $1.46B | $1.28B | $1.11B | $1.37B | $1.50B |
| Moodys Investors Service | $278.00M | $253.00M | $211.00M | $304.00M | $294.00M | $256.00M | $216.00M | $316.00M |
| Total | $1.42B | $1.30B | $1.45B | $1.77B | $1.58B | $1.37B | $1.58B | $1.82B |
Deferred Revenue at Other Companies
Frequently Asked Questions
- What is Moody's's deferred revenue?
- Moody's (MCO) reported deferred revenue of $1.82B in Q1 2026.
- How has Moody's's deferred revenue changed year-over-year?
- Moody's's deferred revenue increased by 3.1% year-over-year, from $1.77B to $1.82B.
- What is the long-term trend for Moody's's deferred revenue?
- Over 5 years (2020 to 2025), Moody's's deferred revenue has grown at a 7.8% compound annual growth rate (CAGR), from $1.09B to $1.58B.
- What does deferred revenue mean?
- Money collected from customers for products or services that haven't been delivered yet but will be within a year.