Business Segments · Unbilled Receivables
MA — Unbilled Receivables
Moody's MA — Unbilled Receivables decreased by 6.6% to $99M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1.0%, from $100M to $99M. Over 4 years (FY 2021 to FY 2025), MA — Unbilled Receivables shows relatively stable performance with a -2.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryLiquidity
SignalLower is better
VolatilityModerate
First reportedQ1 2018
Last reportedQ1 2026Apr 23, 2026
Rolls up toUnbilled Revenue
How to read this metric
A significant increase may signal delays in the billing process or a shift in contract terms, potentially impacting cash flow.
Detailed definition
Represents revenue recognized for services performed for which the company has an unconditional right to payment, but ha...
Peer comparison
Comparable to unbilled revenue or accrued income in professional services and subscription-based firms.
Metric ID:
mco_segment_ma_unbilled_receivablesHistorical Data
20 periods
| 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 | $95M | $128M | $152M | $223M | $167M | $147M | $148M | $114M | $119M | $119M | $119M | $133M | $139M | $119M | $122M | $100M | $107M | $114M | $106M | $99M |
| QoQ Change | — | +34.7% | +18.8% | +46.7% | -25.1% | -12.0% | +0.7% | -23.0% | +4.4% | +0.0% | +0.0% | +11.8% | +4.5% | -14.4% | +2.5% | -18.0% | +7.0% | +6.5% | -7.0% | -6.6% |
| YoY Change | — | — | — | — | +75.8% | +14.8% | -2.6% | -48.9% | -28.7% | -19.0% | -19.6% | +16.7% | +16.8% | +0.0% | +2.5% | -24.8% | -23.0% | -4.2% | -13.1% | -1.0% |
Range$95M – $223M
CAGR+0.9%
Avg YoY Growth-3.7%
Median YoY Growth-3.4%
Current Streak2 quarters decline
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Frequently Asked Questions
- What is Moody's's ma — unbilled receivables?
- Moody's (MCO) reported ma — unbilled receivables of $99M in Q1 2026.
- How has Moody's's ma — unbilled receivables changed year-over-year?
- Moody's's ma — unbilled receivables decreased by 1.0% year-over-year, from $100M to $99M.
- What is the long-term trend for Moody's's ma — unbilled receivables?
- Over 4 years (2021 to 2025), Moody's's ma — unbilled receivables has grown at a -2.0% compound annual growth rate (CAGR), from $463M to $427M.
- What does ma — unbilled receivables mean?
- Revenue earned but not yet billed to the customer.