Business Segments · Unbilled Receivables

Moodys Investors Service — Unbilled Receivables

Moody's Moodys Investors Service — Unbilled Receivables increased by 12.8% to $564.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.4%, from $493.00M to $564.00M. Over 4 years (FY 2021 to FY 2025), Moodys Investors Service — Unbilled Receivables shows an upward trend with a 4.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment
CategoryLiquidity
SignalLower is better
VolatilityModerate
First reportedQ1 2018
Last reportedQ1 2026

How to read this metric

A significant increase may indicate delays in the billing cycle or a shift in contract terms, potentially impacting cash flow.

Detailed definition

This represents revenue recognized for services performed in the credit ratings segment for which the company has not ye...

Peer comparison

Comparable to unbilled revenue or contract assets in professional services and consulting firms.

Metric ID: mco_segment_mis_unbilled_receivables

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$429.00M$425.00M$386.00M$416.00M$397.00M$381.00M$385.00M$439.00M$428.00M$429.00M$415.00M$461.00M$466.00M$470.00M$426.00M$493.00M$516.00M$530.00M$500.00M$564.00M
QoQ Change-0.9%-9.2%+7.8%-4.6%-4.0%+1.0%+14.0%-2.5%+0.2%-3.3%+11.1%+1.1%+0.9%-9.4%+15.7%+4.7%+2.7%-5.7%+12.8%
YoY Change-7.5%-10.4%-0.3%+5.5%+7.8%+12.6%+7.8%+5.0%+8.9%+9.6%+2.7%+6.9%+10.7%+12.8%+17.4%+14.4%
Range$381.00M$564.00M
CAGR+5.9%
Avg YoY Growth+6.5%
Median YoY Growth+7.8%

Frequently Asked Questions

What is Moody's's moodys investors service — unbilled receivables?
Moody's (MCO) reported moodys investors service — unbilled receivables of $564.00M in Q1 2026.
How has Moody's's moodys investors service — unbilled receivables changed year-over-year?
Moody's's moodys investors service — unbilled receivables increased by 14.4% year-over-year, from $493.00M to $564.00M.
What is the long-term trend for Moody's's moodys investors service — unbilled receivables?
Over 4 years (2021 to 2025), Moody's's moodys investors service — unbilled receivables has grown at a 4.8% compound annual growth rate (CAGR), from $1.69B to $2.04B.
What does moodys investors service — unbilled receivables mean?
Revenue earned for services provided but not yet billed to the customer.