GE Aerospace reported $212B of remaining performance obligations at 30 Sep 2026, up 20% from a year earlier and up 1% from the previous quarter. That is 4.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.09.
Net new backlog added in the latest quarter: $1.29B.
Over the last twelve months it turned about 27% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 4.9% of the backlog.
Twelve-month book-to-bill: 1.68, i.e. 1.68 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +1 points — orders are running ahead of revenue.
By backlog size it ranks 7th among US filers the cockpit tracks.
GE Aerospace 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
$212B
$52.6B
4.0 yrs
$10.3B
30 Jun 2026
$211B
$50.6B
4.2 yrs
$10.2B
31 Mar 2026
$211B
$48.3B
4.4 yrs
$10.2B
31 Dec 2025
$191B
$45.9B
4.2 yrs
$10.3B
30 Sep 2025
$176B
$44.0B
4.0 yrs
$9.85B
30 Jun 2025
$174B
$41.6B
4.2 yrs
$9.74B
31 Mar 2025
$173B
$39.7B
4.3 yrs
$9.62B
31 Dec 2024
$172B
$38.7B
4.4 yrs
$9.35B
30 Sep 2024
$166B
$37.3B
4.4 yrs
$9.05B
30 Jun 2024
$160B
$36.8B
4.3 yrs
$8.67B
31 Mar 2024
$266B
$36.5B
7.3 yrs
$20.7B
31 Dec 2023
$267B
$35.3B
7.6 yrs
$8.32B
Questions
What is GE Aerospace's backlog?
GE Aerospace reported $212B of remaining performance obligations at 30 Sep 2026, up 20% from a year earlier and up 1% from the previous quarter. That is 4.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.09.
How fast does GE Aerospace's backlog turn into revenue?
Over the last twelve months GE Aerospace recognised revenue equal to about 27% 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.