fiscal year

American  

noun

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

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fiscal 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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fiscal year Cultural  

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.

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Etymology

Origin of fiscal year

An Americanism dating back to 1835–45

Example Sentences

Hochul’s reforms are part of her proposed budget for the next fiscal year, which begins April 1.

From The Wall Street Journal

The parent company of Uniqlo "reported significant increases in both revenue and profit in the first quarter" of its fiscal year which runs from September, according to its financial statement.

From Barron's

On the bright side, the company is on track for its third straight fiscal year of positive Ebitda.

From Barron's

On the bright side, the company is on track for its third straight fiscal year of positive Ebitda.

From Barron's

Newsom is set to unveil his budget proposal Friday for the upcoming fiscal year that begins July 1, which will mark the governor’s final spending plan before he terms out.

From Los Angeles Times

Related Words

• calendar year
• financial year