Phillips 66 Deferred Credits increased by 3.0% to $2.61B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 27.4%, from $2.05B to $2.61B. Over 5 years (FY 2020 to FY 2025), Deferred Credits shows an upward trend with a 17.5% CAGR.
An increase suggests higher future revenue recognition potential, while a decrease may indicate the fulfillment of obligations or a slowdown in advance payments.
Deferred credits represent obligations where the company has received payment or value for goods or services that have n...
Common across companies with long-term service contracts or subscription models, often compared as a percentage of total liabilities.
deferred_credits| 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 | $1.18B | $1.23B | $940.00M | $925.00M | $1.07B | $1.30B | $1.30B | $1.37B | $1.20B | $1.17B | $1.20B | $1.21B | $1.20B | $1.88B | $1.87B | $2.05B | $1.87B | $2.35B | $2.53B | $2.61B |
| QoQ Change | — | +4.4% | -23.6% | -1.6% | +15.1% | +22.2% | -0.2% | +5.1% | -11.9% | -3.0% | +2.9% | +0.8% | -1.0% | +56.7% | -0.5% | +9.6% | -8.5% | +25.1% | +8.0% | +3.0% |
| YoY Change | — | — | — | — | -9.7% | +5.7% | +38.2% | +47.6% | +12.9% | -10.4% | -7.6% | -11.4% | -0.3% | +61.0% | +55.7% | +69.2% | +56.4% | +24.9% | +35.5% | +27.4% |