Fiscal Quarter

A fiscal quarter is a three-month period that companies and organizations use for financial reporting and Budgeting purposes. A fiscal quarter may not necessarily align with the calendar quarter and can vary by organization. Businesses typically divide their Fiscal Year into four quarters: Q1, Q2, Q3, and Q4.

For example:

• A company with a Fiscal Year starting in April might have its quarters as follows:
  • Q1: April – June
  • Q2: July – September
  • Q3: October – December
  • Q4: January – March
• A company whose Fiscal Year aligns with the calendar year will have quarters as follows:
  • Q1: January – March
  • Q2: April – June
  • Q3: July – September
  • Q4: October – December

Fiscal quarters are significant for assessing a company’s performance over time, comparing results to previous quarters, and making strategic decisions.