Fiscal quarters are quarterly durations utilized by firms and governments for monetary reporting and budgeting functions. A fiscal quarter is usually three months lengthy, and there are 4 fiscal quarters in a fiscal yr.
The fiscal yr for many firms and governments begins on January 1 and ends on December 31. Nonetheless, some firms and governments use a distinct fiscal yr, akin to the educational yr (July 1 to June 30) or the calendar yr (January 1 to December 31). The fiscal yr for 2025 will start on January 1, 2025, and finish on December 31, 2025.