Skip to content
Current Liabilities

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

StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ4 2017
Last reportedQ1 2026Apr 23, 2026

How to read this metric

An increase is a positive signal of strong future demand and contracted revenue growth.

Detailed definition

Payments received from customers for services or products that have not yet been delivered or earned. This represents a...

Peer comparison

Highly significant for SaaS and subscription-based business models.

Metric ID: deferred_revenue_current

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$1.14B$1.1B$1.25B$1.53B$1.29B$1.16B$1.26B$1.58B$1.39B$1.23B$1.32B$1.61B$1.42B$1.3B$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%
Range$1.1B$1.82B
CAGR+10.3%
Avg YoY Growth+6.2%
Median YoY Growth+5.7%
Current Streak2 quarters growth

Business Segments

View all
SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
MA$1.15B$1.05B$1.24B$1.46B$1.28B$1.11B$1.37B$1.5B
MIS$278M$253M$211M$304M$294M$256M$216M$316M
Total$1.42B$1.3B$1.45B$1.77B$1.58B$1.37B$1.58B$1.82B

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?
Cash received in advance for work that has not yet been performed.