Contract Liabilities
Snap-on Contract Liabilities increased by 9.8% to $80.70M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.9%, from $73.40M to $80.70M. Over 5 years (FY 2020 to FY 2025), Contract Liabilities shows an upward trend with a 3.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong future revenue visibility and customer demand, while a decrease may indicate faster fulfillment or slowing sales.
Detailed definition
This represents the obligation to transfer goods or services to a customer for which the company has already received co...
Peer comparison
Common in companies with long-term service contracts or subscription-based diagnostic models; peers with high recurring revenue often show higher balances.
contract_liabilitiesHistorical Data
| Q1 '21 | 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 | $70.60M | $68.80M | $67.60M | $63.80M | $65.80M | $65.90M | $64.30M | $63.30M | $65.70M | $67.00M | $65.90M | $63.30M | $66.30M | $68.80M | $67.40M | $63.80M | $73.40M | $76.70M | $74.70M | $73.50M | $80.70M |
| QoQ Change | — | -2.5% | -1.7% | -5.6% | +3.1% | +0.2% | -2.4% | -1.6% | +3.8% | +2.0% | -1.6% | -3.9% | +4.7% | +3.8% | -2.0% | -5.3% | +15.0% | +4.5% | -2.6% | -1.6% | +9.8% |
| YoY Change | — | — | — | — | -6.8% | -4.2% | -4.9% | -0.8% | -0.2% | +1.7% | +2.5% | +0.0% | +0.9% | +2.7% | +2.3% | +0.8% | +10.7% | +11.5% | +10.8% | +15.2% | +9.9% |
Contract Liabilities at Other Companies
Frequently Asked Questions
- What is Snap-on's contract liabilities?
- Snap-on (SNA) reported contract liabilities of $80.70M in Q1 2026.
- How has Snap-on's contract liabilities changed year-over-year?
- Snap-on's contract liabilities increased by 9.9% year-over-year, from $73.40M to $80.70M.
- What is the long-term trend for Snap-on's contract liabilities?
- Over 5 years (2020 to 2025), Snap-on's contract liabilities has grown at a 3.8% compound annual growth rate (CAGR), from $61.00M to $73.50M.
- What does contract liabilities mean?
- Money received from customers for products or services that have not yet been delivered.