Other
Prepaid expenses
3M Prepaid expenses increased by 4.1% to $407M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 16.1%, from $485M to $407M. Over 5 years (FY 2020 to FY 2025), Prepaid expenses shows a downward trend with a -10.3% CAGR.
Analysis
StatementBalance Sheet Statement
SectionOther
CategoryOther
SignalContext dependent
VolatilityStable
First reportedQ4 2016
Last reportedQ1 2026Apr 21, 2026
How to read this metric
Significant fluctuations may indicate changes in the timing of large service contracts or shifts in operational spending patterns.
Detailed definition
This represents payments made in advance for goods or services that will be received or consumed within the next year, s...
Peer comparison
Common across all companies; generally represents a small portion of current assets unless there are large, multi-year service agreements.
Metric ID:
other_prepaid_expense_currentHistorical 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 | $633M | $501M | $654M | $561M | $588M | $467M | $435M | $558M | $674M | $578M | $344M | $655M | $444M | $470M | $493M | $485M | $642M | $514M | $391M | $407M |
| QoQ Change | — | -20.9% | +30.5% | -14.2% | +4.8% | -20.6% | -6.9% | +28.3% | +20.8% | -14.2% | -40.5% | +90.4% | -32.2% | +5.9% | +4.9% | -1.6% | +32.4% | -19.9% | -23.9% | +4.1% |
| YoY Change | — | — | — | — | -7.1% | -6.8% | -33.5% | -0.5% | +14.6% | +23.8% | -20.9% | +17.4% | -34.1% | -18.7% | +43.3% | -26.0% | +44.6% | +9.4% | -20.7% | -16.1% |
Range$344M – $674M
CAGR-8.9%
Avg YoY Growth-2.0%
Median YoY Growth-6.9%
Prepaid expenses at Other Companies
Frequently Asked Questions
- What is 3M's prepaid expenses?
- 3M (MMM) reported prepaid expenses of $407M in Q1 2026.
- How has 3M's prepaid expenses changed year-over-year?
- 3M's prepaid expenses decreased by 16.1% year-over-year, from $485M to $407M.
- What is the long-term trend for 3M's prepaid expenses?
- Over 5 years (2020 to 2025), 3M's prepaid expenses has grown at a -10.3% compound annual growth rate (CAGR), from $675M to $391M.
- What does prepaid expenses mean?
- Payments made by the company for services or goods that will be received in the future.