fiscal year


: an accounting period of 12 months

Example Sentences

Sales were up in the last fiscal year. Our fiscal year runs from October 1 to September 30.
Recent Examples on the Web Apple has spent more than $300 million to add space connectivity to its iPhones, but that’s a rounding error compared to the $205 billion worth of iPhones the company sold in the last fiscal year. Tim Fernholz, Quartz, 28 Apr. 2023 This downgrade increased the Treasury’s borrowing cost by about $1.3 billion in the fiscal year, according to the Government Accountability Office. James Benedict,, 27 Apr. 2023 During the most recent fiscal year, the INAI resolved more than 18,000 appeals. Leila Miller, Los Angeles Times, 21 Apr. 2023 An audit of the school's finances in June 2022 showed the fiscal year's expenses totaling about $4 million. Rory Linnane, Journal Sentinel, 21 Apr. 2023 An event series called Cisco Check-Ins attracted 59,000 unique employee views across 13 events during the company’s last fiscal year. Susie Gharib, Fortune, 4 Apr. 2023 The Mars sample return mission will remain the program’s biggest component for the near future, with $949 million requested in the 2024 fiscal year. Bypaul Voosen,, 29 Mar. 2023 The California Medicaid agency estimates the policy change would cost $39 million in 2025, assuming a January implementation, and $68 million for the 2025-26 fiscal year. Phil Galewitz, oregonlive, 17 Mar. 2023 That solution — in the form of chic travel accessories — just surpassed $120 million in profitable revenue, and it’s expected to fly through $200 million in its next fiscal year, reports WWD. Danielle Directo-meston, The Hollywood Reporter, 21 Apr. 2023 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'fiscal year.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1843, in the meaning defined above

Time Traveler
The first known use of fiscal year was in 1843

Dictionary Entries Near fiscal year

Cite this Entry

“Fiscal year.” Dictionary, Merriam-Webster, Accessed 6 Jun. 2023.

Legal Definition

fiscal year

: an accounting period of 12 months
Last Updated: - Updated example sentences
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