fiscal year

noun

1. any yearly period without regard to the calendar year, at the end of which a firm, government, etc., determines its financial condition.

fiscal year

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

fiscal year

1. A twelve-month period for which an organization, such as a government or corporation, plans the use of its funds. Commonly, fiscal years run from July 1 to June 30, or, in the case of the U.S. government, from October 1 to September 30.

Word History and Origins

Origin of fiscal year¹

An Americanism dating back to 1835–45

Example Sentences

More than 50 oversight efforts are in the works this fiscal year.

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However, the company issued a downbeat forecast for the fiscal year.

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While this is likely to normalize, it still represents a tailwind for the current fiscal year.

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The company said it expects Ebitda in fiscal 2026 of 45 million pounds, and for this to grow by a double-digit percentage in the next fiscal year.

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Remy Cointreau confirmed a preliminary sales figure of 489.6 million euros for the first half and reiterated its guidance for the full fiscal year, which it downgraded roughly a month ago.

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Related Words

• calendar year 
• financial year