Business Segments · Unbilled Receivables
MIS — Unbilled Receivables
Moody's MIS — Unbilled Receivables increased by 12.8% to $564M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.4%, from $493M to $564M. Over 4 years (FY 2021 to FY 2025), MIS — 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 2026Apr 23, 2026
Rolls up toUnbilled Revenue
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_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 | $429M | $425M | $386M | $416M | $397M | $381M | $385M | $439M | $428M | $429M | $415M | $461M | $466M | $470M | $426M | $493M | $516M | $530M | $500M | $564M |
| 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$381M – $564M
CAGR+5.9%
Avg YoY Growth+6.5%
Median YoY Growth+7.8%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Moody's's mis — unbilled receivables?
- Moody's (MCO) reported mis — unbilled receivables of $564M in Q1 2026.
- How has Moody's's mis — unbilled receivables changed year-over-year?
- Moody's's mis — unbilled receivables increased by 14.4% year-over-year, from $493M to $564M.
- What is the long-term trend for Moody's's mis — unbilled receivables?
- Over 4 years (2021 to 2025), Moody's's mis — unbilled receivables has grown at a 4.8% compound annual growth rate (CAGR), from $1.69B to $2.04B.
- What does mis — unbilled receivables mean?
- Revenue earned for services provided but not yet billed to the customer.