When is q1 & q2?

The first quarter, also known as Q1, is during the months of January, February and March. To be precise, this calendar quarter is from Jan. 1 through March 31. This is when the fiscal year starts unless otherwise indicated by the company’s annual report. Q2, or the second quarter, refers to the accounting period of April, May and June.

What is a calendar quarter?

Calendar quarters follow the standard Gregorian calendar and are the same around the world. Standard calendar quarters are as follows: Fiscal quarters divide up a company’s fiscal year into four quarters in the same way, but the company may choose a different starting date.

What happens in the first quarter of the fiscal year?

The first quarter serves as a precursor, setting the tone for the rest of the fiscal year. Post-holiday season, companies delve deep into their revenue streams and sales performance. Analyzing these figures offers insights into consumer behavior and the effectiveness of year-end campaigns.