Practical guide and verification
Calendar quarters are date ranges
A standard calendar year divides into Q1 January–March, Q2 April–June, Q3 July–September and Q4 October–December. The quarter is determined by the date’s month, not by counting arbitrary 90-day blocks.
Fiscal calendars can differ
Organizations can start fiscal years in another month or use 4-4-5 style calendars. A calendar-quarter result should not be assumed to match a company’s fiscal reporting period.
Common mistake
Quarter labels around year boundaries can be ambiguous when someone means fiscal year rather than calendar year. Include the year and the start/end dates when sharing a result.