Forrester Research Deferred Revenue 2011-2026 | FORR

Deferred revenue is the amount of money or obligations that a company has received in advance for goods or services that have not yet been delivered or performed. In other words, it is income that has already been received but has not yet been recognized in accounting as revenue because the goods or services have not yet been transferred to the customer.

Features of the metric

Sources of future cash inflows
A high level of deferred revenue indicates that the company has secured future cash flows, which positively affects forecasts of its financial condition and stability.
Assessment of operational stability
Deferred revenue reflects demand for the company’s products or services and its ability to attract customers willing to pay in advance. It is one of the indicators of business stability and its competitive advantages.
Risks and obligations
Although deferred revenue indicates future inflows, it also represents obligations that the company must fulfill. If fulfilling these obligations is delayed or impossible, it can negatively impact reputation and financial results.
Analysis of liquidity and cash flow
Inflows in the form of deferred revenue improve the company’s current liquidity since the funds are already in the accounts. However, investors need to assess the ratio of deferred revenue to fulfilled obligations to understand the actual financial capabilities and risks.
Impact on company valuation
In fundamental analysis, deferred revenue is taken into account for accurate revenue and profit forecasting, especially in industries with long-term contracts or subscriptions (e.g., IT sector, services, manufacturing).

Annual Deferred Revenue Forrester Research

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
-	-	-	-	-	-	179 M	135 M	145 M	134 M	141 M	145 M	153 M	150 M	148 M

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
179 M	134 M	148 M

Quarterly Deferred Revenue Forrester Research

2025-Q3	2025-Q2	2024-Q4	2024-Q3	2024-Q2	2024-Q1	2023-Q4	2023-Q3	2023-Q2	2023-Q1	2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	145 M	133 M	145 M	156 M	134 M	134 M	134 M	134 M	141 M	141 M	141 M	141 M	145 M	145 M	145 M	145 M	153 M	153 M	153 M	153 M	150 M	150 M	150 M	150 M	148 M	148 M	148 M	148 M

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
156 M	133 M	145 M

Deferred Revenue of other stocks in the Consulting industry

Issuer	Deferred Revenue	Price	% 24h	Market Cap	Country
Global Internet of People SDH	1.81 M	-	1.0 %	$ 49.8 M	China
CRA International CRAI	9.01 M	$ 161.59	4.63 %	$ 1.07 B	USA
Automatic Data Processing ADP	263 M	$ 210.95	1.28 %	$ 85.9 B	USA
Equifax EFX	101 M	$ 182.38	-0.71 %	$ 22.5 B	USA
BGSF BGSF	5.83 B	$ 6.18	-2.06 %	$ 67.6 M	USA
HeadHunter Group PLC HHR	2.79 B	-	-	-	Cyprus
Franklin Covey Co. FC	107 M	$ 11.85	0.94 %	$ 153 M	USA
FTI Consulting FCN	56.6 M	$ 168.48	2.21 %	$ 5.48 B	USA
Huron Consulting Group HURN	31.7 M	$ 127.16	1.34 %	$ 2.22 B	USA
ICF International ICFI	24.6 M	$ 66.55	0.18 %	$ 1.25 B	USA
Professional Diversity Network IPDN	1.84 M	$ 1.34	-2.55 %	$ 1.68 M	USA
IHS Markit Ltd. INFO	886 M	-	-1.21 %	$ 50.9 B	Bermuda
51job, Inc. JOBS	2.51 B	-	-0.05 %	$ 4.11 B	China
Magal Security Systems Ltd. MAGS	7.23 M	-	-3.95 %	$ 90.2 M	Israel
Mastech Digital MHH	41 K	$ 5.63	1.99 %	$ 66.1 M	USA
ASGN Incorporated ASGN	108 M	$ 35.46	-0.66 %	$ 1.87 B	USA
Paychex PAYX	69.4 M	$ 92.07	1.58 %	$ 33.2 B	USA
Robert Half International RHI	103 M	$ 23.05	1.41 %	$ 2.31 B	USA
TrueBlue TBI	3.81 M	$ 3.68	4.4 %	$ 110 M	USA
TriNet Group TNET	57 M	$ 37.07	-0.72 %	$ 1.78 B	USA
Thomson Reuters Corporation TRI	866 M	$ 92.91	-1.05 %	$ 62.3 B	USA
TransUnion TRU	130 M	$ 71.86	-1.62 %	$ 14 B	USA
Upwork UPWK	7.27 M	$ 11.47	-5.17 %	$ 1.53 B	USA
Volt Information Sciences, Inc. VOLT	3 K	$ 34.71	1.34 %	$ 747 M	USA
Verisk Analytics VRSK	444 M	$ 201.97	-1.18 %	$ 28.2 B	USA
DHI Group DHX	39.7 M	$ 2.46	-4.28 %	$ 110 M	USA
Exponent EXPO	16.4 M	$ 65.45	1.47 %	$ 3.35 B	USA
Nielsen Holdings plc NLSN	131 M	-	0.02 %	$ 10.1 B	Niderland
Greenpro Capital Corp. GRNQ	213 K	$ 2.2	6.02 %	$ 16.7 M	China
Heidrick & Struggles International HSII	51.1 M	-	-	$ 1.2 B	USA
GEE Group JOB	20 K	$ 0.26	-2.41 %	$ 28.4 M	USA
Hudson Global HSON	178 K	-	0.05 %	$ 30.3 M	USA
Insperity NSP	9.6 M	$ 22.86	-1.04 %	$ 879 M	USA
7GC & Co. Holdings VII	3.93 M	-	-	$ 124 M	USA