fiscal year

noun

Definition of fiscal year

: an accounting period of 12 months

Examples of fiscal year in a Sentence

Sales were up in the last fiscal year. Our fiscal year runs from October 1 to September 30.
Recent Examples on the Web According to the 2020 annual report, the bureau increased its staff from 498 employees to 729 during fiscal year 2020. Mike Cason | Mcason@al.com, al, "New Alabama paroles director: Bureau part of fix for ‘broken’ criminal justice system," 24 Dec. 2020 Consisting of about 2,100 people as of Nov. 1, the Space Force commanded a budget of $40 million for its operations and maintenance in fiscal year 2020. Samantha Masunaga, Los Angeles Times, "What happens to the Space Force after the Trump administration?," 15 Dec. 2020 Disney’s direct-to-consumer division lost $2.8 billion in fiscal year 2020. Michael Phillips, chicagotribune.com, "Column: Disney and Warner Bros. say they believe in moviegoing. Yeah, right.," 11 Dec. 2020 To put the revenue figure in context, Kramer said Gophers athletics saw total earnings of $1.59 million from licensing deals in fiscal year 2020. Rachel Blount, Star Tribune, "Some University of Minnesota Regents leery of permitting alcoholic sponsorships and licensing," 11 Dec. 2020 Moody’s also projects that the debt will grow to an all-time high of $261 billion for fiscal year 2020, owing to investment losses in markets riled by COVID-19. Andrew Stuttaford, National Review, "The Capital Letter: Week of November 30," 4 Dec. 2020 Cassena in its letter to DSS reported their losses to be $1,009,000 and $1,575,000, respectively for fiscal years 2019 and 2018 as well as a loss of approximately $1,400,000 estimated for fiscal year 2020. Dave Altimari, courant.com, "Nursing homes in New Britain and Waterbury are closing for financial reason; state seeks to find new homes for residents in midst of pandemic," 2 Dec. 2020 In fiscal year 2020, Black people represented six out of 11 staff fired and 37 out of 49 who left the agency voluntarily. Mallory Moench, SFChronicle.com, "S.F. transit agency grapples with ‘history of racism’: Black staff disproportionately disciplined by largely white management," 17 Nov. 2020 The federal deficit for fiscal year 2020 was $3.1 trillion, or 14.9% of gross domestic product, the Congressional Budget Office reported Monday, the largest as a share of the economy since World War II. Jay Heflin, Washington Examiner, "Federal deficit spiked to $3.1 trillion in 2020, largest since WWII," 9 Nov. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'fiscal year.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of fiscal year

1843, in the meaning defined above

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Time Traveler for fiscal year

Time Traveler

The first known use of fiscal year was in 1843

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Statistics for fiscal year

Last Updated

20 Jan 2021

Cite this Entry

“Fiscal year.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fiscal%20year. Accessed 22 Jan. 2021.

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More Definitions for fiscal year

fiscal year

noun

English Language Learners Definition of fiscal year

chiefly US : a 12-month period used by a government, business, or organization to calculate how much money is being earned, spent, etc.

fiscal year

noun

Legal Definition of fiscal year

: an accounting period of 12 months

Comments on fiscal year

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