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

Policymakers and economists are monitoring how the situation in the Middle East will affect Japanese companies’ investment and earnings plans in the new fiscal year that began on April 1.

From The Wall Street Journal

But as it tries to make improvements in China through the next fiscal year — its fiscal 2027 — management said sales growth there would likely be more subdued as a result.

From MarketWatch

An alarming nugget buried in the Treasury Department’s annual report External link on the federal government’s books from the last fiscal year: Its long-term liabilities exceed its expected revenue by tens of trillions of dollars.

From Barron's

For the current fiscal year, the company forecast adjusted earnings of $3.05 to $3.13 a share, although it noted consumer and macro uncertainty due to global trade policies and the war in the Middle East.

From Barron's

Oracle recently outlined in a regulatory filing that it would spend $500 million more on restructuring costs in the current fiscal year than previously reported, suggesting an acceleration in its job-cutting program.

From The Wall Street Journal

Related Words

• calendar year
• financial year