Training of graph neural networks (GNNs) for large-scale node classification is challenging. A key difficulty lies in obtaining accurate hidden node representations while avoiding the neighborhood explosion problem. Here, we propose a new technique, named feature momentum (FM), that uses a momentum step to incorporate historical embeddings when updating feature representations. We develop two specific algorithms, known as GraphFM-IB and GraphFM-OB, that consider in-batch and out-of-batch data, respectively.GraphFM-IB applies FM to in-batch sampled data, while GraphFM-OB applies FM to out-of-batch data that are 1-hop neighborhood of in-batch data.We provide a convergence analysis for GraphFM-IB and some theoretical insight for GraphFM-OB. Empirically, we observe that GraphFM-IB can effectively alleviate the neighborhood explosion problem of existing methods. In addition, GraphFM-OB achieves promising performance on multiple large-scale graph datasets.