Akamai Technologies reported $19.9B of remaining performance obligations at 30 Sep 2026, up 315% from a year earlier and up 162% from the previous quarter. That is 4.5 years of trailing revenue already under contract. Book-to-bill last quarter: 11.96.
Net new backlog added in the latest quarter: $12.3B.
Over the last twelve months it turned about 78% of its opening backlog into revenue (12-month conversion).
The company reports 35% of the backlog due within the first 24 months.
Customer prepayments (contract liabilities) cover 1.0% of the backlog.
Twelve-month book-to-bill: 4.44, i.e. 4.44 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +308 points — orders are running ahead of revenue.
By backlog size it ranks 46th among US filers the cockpit tracks.
Akamai Technologies backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$19.9B
$4.39B
4.5 yrs
$199M
30 Jun 2026
$7.60B
$4.32B
1.8 yrs
$200M
31 Mar 2026
$5.50B
$4.27B
1.3 yrs
$204M
31 Dec 2025
$5.20B
$4.21B
1.2 yrs
$151M
30 Sep 2025
$4.80B
$4.13B
1.2 yrs
$162M
30 Jun 2025
$4.30B
$4.08B
1.1 yrs
$180M
31 Mar 2025
$4.30B
$4.02B
1.1 yrs
$170M
31 Dec 2024
$4.30B
$3.99B
1.1 yrs
$149M
30 Sep 2024
$3.50B
$3.97B
0.9 yrs
$139M
30 Jun 2024
$3.40B
$3.93B
0.9 yrs
$140M
31 Mar 2024
$3.40B
$3.88B
0.9 yrs
$142M
31 Dec 2023
$3.40B
$3.81B
0.9 yrs
$108M
Questions
What is Akamai Technologies's backlog?
Akamai Technologies reported $19.9B of remaining performance obligations at 30 Sep 2026, up 315% from a year earlier and up 162% from the previous quarter. That is 4.5 years of trailing revenue already under contract. Book-to-bill last quarter: 11.96.
How fast does Akamai Technologies's backlog turn into revenue?
Over the last twelve months Akamai Technologies recognised revenue equal to about 78% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.