fiscal year

noun

: 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 Newsom and legislative leaders must negotiate a budget by June 15, before fiscal year 2024-25 starts on July 1. Lindsey Holden, Sacramento Bee, 4 Apr. 2024 With two million hens lost, that means more than 500 million eggs could be lost during the 2024 fiscal year — which means your cost for a carton could go up. Marina Johnson, The Courier-Journal, 4 Apr. 2024 Indiana's budget for Medicaid has ballooned over the last decade and was projected to make up nearly 18% of the state's general fund in fiscal year 2024-2025. Binghui Huang, The Indianapolis Star, 4 Apr. 2024 The Company fully expects this review process to be finalized within the next 2 weeks, at which time the Company will be able to post its Annual Report for fiscal year ended December 31, 2023 and return to Current Information status. Kansas City Star, 3 Apr. 2024 Nvidia, which is seen as the major beneficiary of the AI boom, grew its revenues by 126% to $61 billion, and increased its net income nearly sixfold to $29.8 billion in its fiscal year 2024. Will Daniel, Fortune, 3 Apr. 2024 Barton suggested the council leave the funds unallocated because new projections show a $92 million deficit in the fiscal year starting July 2025 and a $31 million deficit the following year. Taylor Seely, The Arizona Republic, 1 Apr. 2024 Stanford’s place on the list is a big transition from last year’s report, which showed Stanford had the third largest surplus, $92 million for the fiscal year ending in 2020. Harriet Blair Rowan, The Mercury News, 28 Mar. 2024 The business segment that includes Disney theme parks has seen its revenue grow steadily from $23.5 billion in fiscal year 2017, up to $28.7 billion in fiscal year 2022. Aaron Gregg, Washington Post, 27 Mar. 2024

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.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fiscal%20year. Accessed 18 Apr. 2024.

Legal Definition

fiscal year

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