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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
For example, in the 2024 fiscal year, the U.S. federal government spent a total of $6.4 trillion. Chad P. Bown, Foreign Affairs, 11 Mar. 2025 The bill would increase defense spending by $6 billion compared to fiscal year 2024, while cutting nondefense spending by $13 billion. Hannah Parry, Newsweek, 11 Mar. 2025 But if a current year budget is adopted this week, no other comprehensive budget is likely to be adopted until just before the new fiscal year begins Oct. 1. David Lightman, Sacramento Bee, 10 Mar. 2025 For example, Ars Technica's Eric Berger recently reported that the Trump administration plans to cut funding for NASA science programs in the next fiscal year, perhaps by as much as 50%. Mike Wall, Space.com, 10 Mar. 2025 See All Example Sentences for fiscal year

Word History

First Known Use

1843, in the meaning defined above

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

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Cite this Entry

“Fiscal year.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fiscal%20year. Accessed 20 Mar. 2025.

Legal Definition

fiscal year

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