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Finance & Banking vocabulary · Financial Statements

Fiscal year

Meaning in finance & banking, with examples

nounCommon term

In finance & banking, fiscal year means: The twelve-month period a company or government uses for its accounts and budget, which may or may not match the calendar year.

In Turkish: mali yıl, hesap dönemi, bütçe yılı

How it is used

Used in reports, budgets and tax. Often written FY, as in 'FY2025' or 'FY25'; British English also says 'financial year'. Most Turkish companies use the calendar year, while many governments, including those of the UK and the US, use fiscal years that start in another month.

Example sentences

  1. Our fiscal year ends on 31 March, so annual results come out in May.

  2. Net profit for fiscal year 2025 rose by 15%.

Common collocations

  • fiscal year end
  • previous fiscal year
  • FY results
  • financial year
  • annual reportA document a company publishes each year about its activities, results, strategy, risks and management, usually including the audited financial statements.
  • income statementA financial statement showing a company's revenue, costs and profit or loss over a period, such as a quarter or a year.
  • auditAn official, independent examination of a company's accounts, records or processes to check that they are correct and follow the rules.
  • P&LShort for profit and loss: the income statement, or more loosely the profit or loss made by a business, unit, trading desk or project.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Financial Statements

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This page explains English vocabulary for learners. It is not financial advice.