What is Moody's's mis — total changes in deferred revenue?

Moody's (MCO) reported mis — total changes in deferred revenue of $98M in Q1 2026.

How has Moody's's mis — total changes in deferred revenue changed year-over-year?

Moody's's mis — total changes in deferred revenue increased by 6.5% year-over-year, from $92M to $98M.

What is the long-term trend for Moody's's mis — total changes in deferred revenue?

Over 3 years (2021 to 2024), Moody's's mis — total changes in deferred revenue has grown at a -51.0% compound annual growth rate (CAGR), from -$17M to -$2M.

What does mis — total changes in deferred revenue mean?

The net change in payments received from customers for credit rating services that have not yet been earned.

Business Segments · Total changes in deferred revenue

MIS — Total changes in deferred revenue

Moody's MIS — Total changes in deferred revenue increased by 364.9% to $98M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.5%, from $92M to $98M. Over 3 years (FY 2021 to FY 2024), MIS — Total changes in deferred revenue shows an upward trend with a -51.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment

CategoryGrowth

SignalHigher is better

VolatilityModerate

First reportedQ1 2018

Last reportedQ1 2026Apr 23, 2026

Rolls up toIncrease (decrease) in contract liabilities and current deferred income

How to read this metric

An increase suggests strong upcoming billing activity or prepayments, while a decrease may indicate lower contract renewals or faster revenue recognition.

Detailed definition

Represents the net movement in deferred revenue balances for the Moody's Investors Service segment during the reporting...

Peer comparison

Similar to deferred revenue adjustments in other subscription or service-based financial data providers.

Metric ID: mco_segment_mis_total_changes_in_deferred_revenue

Historical Data

19 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	Q1 '26
Value	-$20M	-$35M	-$37M	$81M	-$30M	-$33M	-$36M	$82M	-$24M	-$33M	-$33M	$91M	-$25M	-$24M	-$44M	$92M	-$10M	-$37M	$98M
QoQ Change	—	-75.0%	-5.7%	+318.9%	-137.0%	-10.0%	-9.1%	+327.8%	-129.3%	-37.5%	+0.0%	+375.8%	-127.5%	+4.0%	-83.3%	+309.1%	-110.9%	-270.0%	+364.9%
YoY Change	—	—	—	—	-50.0%	+5.7%	+2.7%	+1.2%	+20.0%	+0.0%	+8.3%	+11.0%	-4.2%	+27.3%	-33.3%	+1.1%	+60.0%	-54.2%	+6.5%

Range-$44M – $98M

CAGR+42.4%

Avg YoY Growth+0.1%

Median YoY Growth+2.7%

Similar Metrics at Other Companies

Fidelity National Information ServicesFIS View metric

TPG RE Finance Trust, Inc.TRTX View metric

Arthur J. GallagherAJG View metric

Fidelity National Information ServicesFIS View metric

Frequently Asked Questions

What is Moody's's mis — total changes in deferred revenue?: Moody's (MCO) reported mis — total changes in deferred revenue of $98M in Q1 2026.
How has Moody's's mis — total changes in deferred revenue changed year-over-year?: Moody's's mis — total changes in deferred revenue increased by 6.5% year-over-year, from $92M to $98M.
What is the long-term trend for Moody's's mis — total changes in deferred revenue?: Over 3 years (2021 to 2024), Moody's's mis — total changes in deferred revenue has grown at a -51.0% compound annual growth rate (CAGR), from -$17M to -$2M.
What does mis — total changes in deferred revenue mean?: The net change in payments received from customers for credit rating services that have not yet been earned.