What is Best Buy's contract liabilities?

Best Buy (BBY) reported contract liabilities of $197M in Q1 2026.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

Best Buy BBY Contract Liabilities

Contract Liabilities at other companies

Lowe's CompaniesLOW

$1.25B-1.4%

Dell TechnologiesDELL

$14.26B+14.9%

GameStopGME

——

HPHPQ

——

Other financials

Income statement

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Revenue$8.9B+1.9%

Gross profit$2.1B+2.6%

Operating income$370.0M+68.9%

Net income$276.0M+36.6%

EPS (diluted)$1.31+37.9%

Balance sheet

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Cash & equivalents$2.0B+41.9%

Total debt$4.2B+2.0%

Total equity$3.1B+11.6%

Total assets$14.9B+5.4%

Cash flow

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Operating cash flow$375.0M+1,003%

CapEx$160.0M-3.6%

Free cash flow$215.0M+263%

Valuation

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Market cap$17.8B+25.1%

Enterprise value$19.93B+18.1%

P/E15.6×-0.5×

P/S0.4×+0.1×

Profitability

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Gross margin22.5%-0.1pp

Operating margin3.7%+0.9pp

Net margin2.7%+0.6pp

FCF margin3.2%—

Returns & leverage

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Return on equity39.1%+8.9pp

Debt / equity1.4×-0.1×

Current ratio1.1×+0.1×

Where this comes from

Reported directly by Best Buy in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The official record: Best Buy’s 10-Q, filed June 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Best Buy's contract liabilities?: Best Buy (BBY) reported contract liabilities of $197M in Q1 2026.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.