Moody's Moodys Investors Service — Unbilled Receivables increased by 12.8% to $564.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.4%, from $493.00M to $564.00M. Over 4 years (FY 2021 to FY 2025), Moodys Investors Service — Unbilled Receivables shows an upward trend with a 4.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
A significant increase may indicate delays in the billing cycle or a shift in contract terms, potentially impacting cash flow.
This represents revenue recognized for services performed in the credit ratings segment for which the company has not ye...
Comparable to unbilled revenue or contract assets in professional services and consulting firms.
mco_segment_mis_unbilled_receivables| 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 | $429.00M | $425.00M | $386.00M | $416.00M | $397.00M | $381.00M | $385.00M | $439.00M | $428.00M | $429.00M | $415.00M | $461.00M | $466.00M | $470.00M | $426.00M | $493.00M | $516.00M | $530.00M | $500.00M | $564.00M |
| QoQ Change | — | -0.9% | -9.2% | +7.8% | -4.6% | -4.0% | +1.0% | +14.0% | -2.5% | +0.2% | -3.3% | +11.1% | +1.1% | +0.9% | -9.4% | +15.7% | +4.7% | +2.7% | -5.7% | +12.8% |
| YoY Change | — | — | — | — | -7.5% | -10.4% | -0.3% | +5.5% | +7.8% | +12.6% | +7.8% | +5.0% | +8.9% | +9.6% | +2.7% | +6.9% | +10.7% | +12.8% | +17.4% | +14.4% |