diff --git a/packages/graphql/lib/src/core/query_result.dart b/packages/graphql/lib/src/core/query_result.dart
index 79fe9677b..5b5b5b38f 100644
--- a/packages/graphql/lib/src/core/query_result.dart
+++ b/packages/graphql/lib/src/core/query_result.dart
@@ -43,12 +43,14 @@ final _eagerSources = {
 class QueryResult<TParsed extends Object?> {
   @protected
   QueryResult.internal({
-    this.data,
+    Map<String, dynamic>? data,
     this.exception,
     this.context = const Context(),
     required this.parserFn,
     required this.source,
-  }) : timestamp = DateTime.now();
+  }) : timestamp = DateTime.now() {
+    _data = data;
+  }
 
   factory QueryResult({
     required BaseOptions<TParsed> options,
@@ -99,7 +101,17 @@ class QueryResult<TParsed extends Object?> {
   QueryResultSource? source;
 
   /// Response data
-  Map<String, dynamic>? data;
+  Map<String, dynamic>? get data {
+    return _data;
+  }
+
+  set data(Map<String, dynamic>? data) {
+    _data = data;
+    _cachedParsedData = null;
+  }
+
+  Map<String, dynamic>? _data;
+  TParsed? _cachedParsedData;
 
   /// Response context. Defaults to an empty `Context()`
   Context context;
@@ -137,11 +149,15 @@ class QueryResult<TParsed extends Object?> {
   TParsed? get parsedData {
     final data = this.data;
     final parserFn = this.parserFn;
+    final cachedParsedData = _cachedParsedData;
 
     if (data == null) {
       return null;
     }
-    return parserFn(data);
+    if (cachedParsedData != null) {
+      return cachedParsedData;
+    }
+    return _cachedParsedData = parserFn(data);
   }
 
   @override
diff --git a/packages/graphql/test/query_result_test.dart b/packages/graphql/test/query_result_test.dart
new file mode 100644
index 000000000..a6064e074
--- /dev/null
+++ b/packages/graphql/test/query_result_test.dart
@@ -0,0 +1,76 @@
+import 'package:gql/language.dart';
+import 'package:graphql/client.dart';
+import 'package:test/test.dart';
+
+void main() {
+  group('Query result', () {
+    test('data parsing should work with null data', () {
+      int runTimes = 0;
+      final result = QueryResult<String?>(
+        options: QueryOptions(
+          document: parseString('query { bar }'),
+          parserFn: (data) {
+            runTimes++;
+            return data['bar'] as String?;
+          },
+        ),
+        source: QueryResultSource.network,
+        data: null,
+      );
+      expect(result.parsedData, equals(null));
+      expect(runTimes, equals(0));
+    });
+    test('data parsing should work with data', () {
+      int runTimes = 0;
+      final bar = "Bar";
+      final result = QueryResult<String?>(
+        options: QueryOptions(
+          document: parseString('query { bar }'),
+          parserFn: (data) {
+            runTimes++;
+            return data['bar'] as String?;
+          },
+        ),
+        source: QueryResultSource.network,
+        data: {"bar": bar},
+      );
+      expect(result.parsedData, equals(bar));
+      expect(result.parsedData, equals(bar));
+      expect(runTimes, equals(1));
+    });
+    test('data parsing should work with data', () {
+      final bar = "Bar";
+      final result = QueryResult<String?>(
+        options: QueryOptions(
+          document: parseString('query { bar }'),
+          parserFn: (data) {
+            return data['bar'] as String?;
+          },
+        ),
+        source: QueryResultSource.network,
+        data: {"bar": bar},
+      );
+      expect(result.data, equals({"bar": bar}));
+    });
+    test('updating data should clear parsed data', () {
+      int runTimes = 0;
+      final bar = "Bar";
+      final result = QueryResult<String?>(
+        options: QueryOptions(
+          document: parseString('query { bar }'),
+          parserFn: (data) {
+            runTimes++;
+            return data['bar'] as String?;
+          },
+        ),
+        source: QueryResultSource.network,
+        data: {"bar": bar},
+      );
+      expect(result.parsedData, equals(bar));
+      expect(runTimes, equals(1));
+      result.data = {"bar": bar};
+      expect(result.parsedData, equals(bar));
+      expect(runTimes, equals(2));
+    });
+  });
+}