Q:

When are business quarters?

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Quick Answer

Business quarters, also known as fiscal quarters, are the four three-month segments that constitute a company's fiscal year. Fiscal quarters are expressed with "Q" followed by the relevant number and year. The second quarter for the 2014 fiscal year is expressed as Q2 2014.

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When are business quarters?
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Full Answer

While some companies align their fiscal years with the calendar year, some do not. This means that Q1 does not necessarily begin on Jan. 1 for all companies. As an example, the fiscal year for the U.S. government starts in October. That means that Q1 for the federal government starts on Oct. 1 and Q4 ends on Sept. 30. Fiscal quarters are used for reporting financial information to investors as well as for tax and other filings to government agencies.

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