financial year

British  

noun

1. any annual period at the end of which a firm's accounts are made up

2. the annual period ending April 5, over which Budget estimates are made by the British Government and which functions as the income-tax year

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Example Sentences

Online fashion retailer Asos is seeking refunds from the US for the £7m worth of tariffs it paid in the first half of its financial year.

From BBC • Apr. 23, 2026

"We knew the first half of this financial year was going to be challenging and that's borne out in our financial results," ABF's chief executive George Weston.

From Barron's • Apr. 21, 2026

“With the announced acquisition of Sky Deutschland, Bertelsmann’s group revenues would reach approximately 21 billion euros in the 2026 financial year, assuming full-year consolidation,” Chief Executive Thomas Rabe said.

From The Wall Street Journal • Mar. 26, 2026

Bang & Olufsen lowered its financial expectations and pulled midterm guidance as sales of a new product disappointed, while intensified geopolitical tension and economic uncertainty are expected to affect the remainder of the financial year.

From The Wall Street Journal • Mar. 24, 2026

Retrenchment became the order of the day, although the Estimates of the late Government were adopted, having regard to the fact that the first quarter of the financial year had practically expired.

From Our First Half-Century: A Review of Queensland Progress Based Upon Official Information by Queensland

Related Words

• calendar year