The most common fiscal year-end date is December 31, aligning with the standard calendar year. Roughly 70% of companies utilize this date, as it simplifies tax reporting and matches the annual business cycle. Other common, though less frequent, fiscal year-ends include June 30, September 30, and January 31.
As a result, common fiscal year-end dates among many US businesses include:
Federal government: The federal government typically runs a fiscal year from October 1 to September 30. Non-profit organizations: Many non-profits run a fiscal year from July 1 to June 30.
Federal government
The current fiscal year is the fiscal year 2026 and is abbreviated FY26 or FY2025-26. It began 1 October 2025 and will end on 30 September 2026. Source: Fiscal years are used by the United States federal government for accounting purposes.
It begins at the start of a quarter, so typical fiscal year start dates are January 1, April 1, July 1 or October 1. The fiscal year-end date is at the end of a quarter. For instance, if your fiscal year begins on April 1 2017, it ends on March 31, 2018.
In 1974, Congress decided to push the beginning of the fiscal year back to October 1, to give it more time to deliver a budget.
The federal government's fiscal year runs from October 1 of one calendar year through September 30 of the next.
Fiscal years are named using the year when the period ends. For example, the US federal government fiscal year starts on October 1, 2024 and ends on September 30, 2025, this is referred to as FY25. Read more on how you can get prepared for the end of fiscal year.
Businesses generally choose their fiscal year based on the period when they receive the most profit. For example, a business that earns most of its profit after the Christmas holiday season may choose to end its fiscal year right after.
Senate agreement
President Trump signs the Senate amendment ending the government shutdown. Making continuing appropriations and extensions for fiscal year 2026, and for other purposes. On November 9, several senators negotiated a bipartisan agreement.
As with other business types, you can choose a fiscal year that's based on the calendar year or on a fiscal year that ends on a date other than December 31st. If your LLC is taxed as a C corporation, it's required to use the same fiscal year that it has adopted for tax purposes in all of its tax filings.
Both FY24 (no space) and FY 24 (with a space) are used for Fiscal Year 2024, with FY24 being common for saving space (charts, web) and FY 24 often used after spelling it out first or in formal contexts, though style guides vary, with some preferring the acronym as a block like FY24 or even FY2024, but generally, the year the fiscal period ends is used, so it covers parts of 2023 and 2024.
Fiscal year – 12 consecutive months ending on the last day of any month except December. A 52-53-week tax year is a fiscal tax year that varies from 52 to 53 weeks but does not have to end on the last day of a month.
The April-March financial year aligns with India's agricultural harvest cycle, reflecting the close connection between agriculture and the economy. This timing integrates with the monsoon season, which is crucial for crop growth.
Every taxpayer (individuals, business entities, etc.) must figure taxable income for an annual accounting period called a tax year. The calendar year is the most common tax year. Other tax years include a fiscal year and a short tax year.
(AAPL) operates on a fiscal year that ends in September, allowing the company to include the launch of new device models and the subsequent holiday sales quarter in the same fiscal year. 4 This structure provides investors with a clearer picture of each product cycle's performance.
The vast majority of companies choose December 31 as the fiscal year end and if you want to use a different date, be sure to check with tax and accounting advisors.
30 Jun – Prepare for end of financial year and wrap up your books for the 2025/26year.
According to the Chinese Zodiac, the year 2025 is the year of the snake. This animal has long been regarded in Japan as an auspicious being that brings about good fortune and fertility.
Each year, the Office of Management and Budget (OMB) prepares the President's proposed Federal Government budget for the upcoming Federal fiscal year, which runs from October 1 through September 30 of the following year. Order your copies of the President's FY 2025 below.
In terms of deficit reduction, the final monthly Treasury statement for FY 2025 (ending in September) showed a deficit of roughly $1.78 trillion, as compared to roughly $1.82 trillion for FY 2024.
The federal government has shut down as of midnight on September 30, 2025. Starting on October 1, the federal government's operations are drastically reduced. Many of the services our communities rely on will be closed to the public or continue with limited capacity.