What is Comcast's deferred revenue?

Comcast (CMCSA) reported deferred revenue of $655M in Q2 2026.

How has Comcast's deferred revenue changed year-over-year?

Comcast's deferred revenue decreased by 8.9% year-over-year, from $719M to $655M.

What is the long-term trend for Comcast's deferred revenue?

Over 5 years (2020 to 2025), Comcast's deferred revenue has grown at a -3.7% compound annual growth rate (CAGR), from $750M to $621M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Comcast CMCSA Deferred Revenue

Deferred Revenue at other companies

Lumen TechnologiesLUMN

$5.9B-3.3%

Shenandoah TelecomSHEN

$14.47M-14.0%

Verizon CommunicationsVZ

$7.82B+3.8%

AT&TT

$4.07B+1.7%

TDS

Telephone and Data SystemsTDS

$84.17M-69.5%

NetflixNFLX

$1.8B+4.0%

Other financials

Income statement

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Revenue$29.9B-1.2%

Operating income$5.2B-13.9%

Net income$3.5B-68.3%

EPS (diluted)$0.99-66.8%

Balance sheet

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Cash & equivalents$7.7B-20.7%

Total debt$96.5B-10.0%

Total equity$89.8B-7.3%

Total assets$257.55B-6.0%

Cash flow

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Operating cash flow$8.1B+3.5%

CapEx$2.9B+8.4%

Free cash flow$5.2B+1.0%

Valuation

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Market cap$87.33B-28.0%

Enterprise value$176.11B-19.5%

P/E7.8×+2.5×

P/S0.7×-0.3×

Profitability

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Operating margin14.7%-3.5pp

Net margin9%-9.5pp

FCF margin16.4%+0.7pp

Returns & leverage

See full

Return on equity12%-13.4pp

Debt / equity1.1×0.0×

Current ratio0.8×-0.1×

Where this comes from

Reported directly by Comcast in its filing.

Tagged under the XBRL concept us-gaap:DeferredRevenueNoncurrent.

The official record: Comcast’s 10-Q, filed July 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Comcast's deferred revenue?: Comcast (CMCSA) reported deferred revenue of $655M in Q2 2026.
How has Comcast's deferred revenue changed year-over-year?: Comcast's deferred revenue decreased by 8.9% year-over-year, from $719M to $655M.
What is the long-term trend for Comcast's deferred revenue?: Over 5 years (2020 to 2025), Comcast's deferred revenue has grown at a -3.7% compound annual growth rate (CAGR), from $750M to $621M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.