06/27/2022 BEAVERTON, Ore.--(BUSINESS WIRE)--NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2022 fourth quarter and full year ended May 31, 2022. “NIKE’s results this fiscal year are a testament to the unmatched strength of our brands and our deep connection with consumers," said John Donahoe, President and CEO, NIKE, Inc. “Our competitive advantages, including our pipeline of innovative product and expanding digital leadership, prove that our strategy is working as we create value through our relentless drive to serve the future of sport."** Fourth quarter NIKE Direct revenues grew 7 percent on a reported basis and 11 percent on a currency-neutral basis, led by 25 percent growth in EMEA, 43 percent growth in APLA and 5 percent growth in North America, partially offset by a decline in Greater China. NIKE Brand Digital grew 15 percent on a reported basis and 18 percent on a currency-neutral basis, driven by double digit growth in APLA, North America and EMEA. NIKE-owned stores declined 2 percent on a reported basis and increased 1 percent on a currency-neutral basis. “In this dynamic environment, NIKE's unrivaled strengths continue to fuel our momentum,” said Matt Friend, Executive Vice President and Chief Financial Officer, NIKE, Inc. "Two years into executing our Consumer Direct Acceleration, we are better positioned than ever to drive long-term growth while serving consumers directly at scale."** Non-recurring Items Impacting Comparability in the Fourth Quarter Fourth quarter results contain several non-comparable items, including non-recurring charges recorded in Other (income) expense, net, totaling approximately $150 million, associated with the deconsolidation of our Russian operations, and the transition of our businesses in Argentina, Chile and Uruguay to strategic distributor models. Fourth Quarter Income Statement Review Fiscal 2022 Income Statement Review May 31, 2022 Balance Sheet Review Shareholder Returns NIKE continues to have a strong track record of investing to fuel growth and consistently increasing returns to shareholders, including 20 consecutive years of increasing dividend payouts. In the fourth quarter, the Company returned approximately $1.5 billion to shareholders, including: In fiscal 2022, the Company returned approximately $5.8 billion to shareholders, including: In June 2022, the Board of Directors authorized a new four-year, $18 billion program to repurchase shares of NIKE's Class B common stock. The Company's new program will replace the current $15 billion share repurchase program, which will be terminated in fiscal year 2023. Repurchases under the Company's new program will be made in open market or privately negotiated transactions in compliance with the Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements and other relevant factors. The new share repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended at any time at the Company's discretion. Conference Call NIKE, Inc. management will host a conference call beginning at approximately 2:00 p.m. PT on June 27, 2022, to review fiscal fourth quarter and full year results. The conference call will be broadcast live via the Internet and can be accessed at http://investors.nike.com. For those unable to listen to the live broadcast, an archived version will be available at the same location through 9:00 p.m. PT, July 15, 2022. About NIKE, Inc. NIKE, Inc., based near Beaverton, Oregon, is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at http://investors.nike.com. Individuals can also visit http://news.nike.com and follow @NIKE. * See additional information in the accompanying Divisional Revenues table or the Supplemental NIKE Brand Revenue table regarding this non-GAAP financial measure. ** The marked paragraphs contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are detailed from time to time in reports filed by NIKE with the U.S. Securities and Exchange Commission (SEC), including Forms 8-K, 10-Q and 10-K. NIKE, Inc. CONSOLIDATED STATEMENTS OF INCOME (Unaudited) THREE MONTHS ENDED % TWELVE MONTHS ENDED % (In millions, except per share data) 5/31/2022 5/31/2021 Change 5/31/2022 5/31/2021 Change Revenues $ 12,234 $ 12,344 -1 % $ 46,710 $ 44,538 5 % Cost of sales 6,731 6,689 1 % 25,231 24,576 3 % Gross profit 5,503 5,655 -3 % 21,479 19,962 8 % Gross margin 45.0 % 45.8 % 46.0 % 44.8 % Demand creation expense 1,061 997 6 % 3,850 3,114 24 % Operating overhead expense 2,974 2,745 8 % 10,954 9,911 11 % Total selling and administrative expense 4,035 3,742 8 % 14,804 13,025 14 % % of revenues 33.0 % 30.3 % 31.7 % 29.2 % Interest expense (income), net 40 63 — 205 262 — Other (income) expense, net 54 (4 ) — (181 ) 14 — Income before income taxes 1,374 1,854 -26 % 6,651 6,661 % Income tax (benefit) expense (65 ) 345 -119 % 605 934 -35 % Effective tax rate (4.7 ) % 18.6 % 9.1 % 14.0 % NET INCOME $ 1,439 $ 1,509 -5 % $ 6,046 $ 5,727 6 % Earnings per common share: Basic $ 0.91 $ 0.96 -5 % $ 3.83 $ 3.64 5 % Diluted $ 0.90 $ 0.93 -3 % $ 3.75 $ 3.56 5 % Weighted average common shares outstanding: Basic 1,572.0 1,579.0 1,578.8 1,573.0 Diluted 1,595.0 1,614.9 1,610.8 1,609.4 Dividends declared per common share $ 0.305 $ 0.275 $ 1.190 $ 1.070 NIKE, Inc. CONSOLIDATED BALANCE SHEETS (Unaudited) May 31, May 31, % Change (Dollars in millions) 2022 2021 ASSETS Current assets: Cash and equivalents $ 8,574 $ 9,889 -13 % Short-term investments 4,423 3,587 23 % Accounts receivable, net 4,667 4,463 5 % Inventories 8,420 6,854 23 % Prepaid expenses and other current assets 2,129 1,498 42 % Total current assets 28,213 26,291 7 % Property, plant and equipment, net 4,791 4,904 -2 % Operating lease right-of-use assets, net 2,926 3,113 -6 % Identifiable intangible assets, net 286 269 6 % Goodwill 284 242 17 % Deferred income taxes and other assets 3,821 2,921 31 % TOTAL ASSETS $ 40,321 $ 37,740 7 % LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Current portion of long-term debt $ 500 $ — — Notes payable 10 2 400 % Accounts payable 3,358 2,836 18 % Current portion of operating lease liabilities 420 467 -10 % Accrued liabilities 6,220 6,063 3 % Income taxes payable 222 306 -27 % Total current liabilities 10,730 9,674 11 % Long-term debt 8,920 9,413 -5 % Operating lease liabilities 2,777 2,931 -5 % Deferred income taxes and other liabilities 2,613 2,955 -12 % Redeemable preferred stock — — — Shareholders’ equity 15,281 12,767 20 % TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 40,321 $ 37,740 7 % NIKE, Inc. DIVISIONAL REVENUES (Unaudited) % Change % Change THREE MONTHS ENDED % TWELVE MONTHS ENDED % (Dollars in millions) 5/31/2022 5/31/2021 Change 5/31/2022 5/31/2021 Change North America Footwear $ 3,580 $ 3,793 -6 % -6 % $ 12,228 $ 11,644 5 % 5 % Apparel 1,375 1,448 -5 % -5 % 5,492 5,028 9 % 9 % Equipment 160 143 12 % 12 % 633 507 25 % 25 % Total 5,115 5,384 -5 % -5 % 18,353 17,179 7 % 7 % Europe, Middle East & Africa Footwear 2,030 1,831 11 % 22 % 7,388 6,970 6 % 9 % Apparel 1,083 1,023 6 % 16 % 4,527 3,996 13 % 16 % Equipment 138 125 10 % 20 % 564 490 15 % 17 % Total 3,251 2,979 9 % 20 % 12,479 11,456 9 % 12 % Greater China Footwear 1,178 1,316 -10 % -12 % 5,416 5,748 -6 % -10 % Apparel 350 572 -39 % -40 % 1,938 2,347 -17 % -21 % Equipment 33 45 -27 % -28 % 193 195 -1 % -6 % Total 1,561 1,933 -19 % -20 % 7,547 8,290 -9 % -13 % Asia Pacific & Latin America Footwear 1,197 1,007 19 % 28 % 4,111 3,659 12 % 17 % Apparel 429 396 8 % 16 % 1,610 1,494 8 % 12 % Equipment 56 55 2 % 9 % 234 190 23 % 28 % Total 1,682 1,458 15 % 24 % 5,955 5,343 11 % 16 % Global Brand Divisions2 48 7 586 % 524 % 102 25 308 % 302 % TOTAL NIKE BRAND 11,657 11,761 -1 % 3 % 44,436 42,293 5 % 6 % Converse 593 596 -1 % 3 % 2,346 2,205 6 % 7 % Corporate3 (16 ) (13 ) — — (72 ) 40 — — TOTAL NIKE, INC. REVENUES $ 12,234 $ 12,344 -1 % 3 % $ 46,710 $ 44,538 5 % 6 % TOTAL NIKE BRAND Footwear $ 7,985 $ 7,947 % 4 % $ 29,143 $ 28,021 4 % 4 % Apparel 3,237 3,439 -6 % -2 % 13,567 12,865 5 % 6 % Equipment 387 368 5 % 10 % 1,624 1,382 18 % 18 % Global Brand Divisions2 48 7 586 % 524 % 102 25 308 % 302 % TOTAL NIKE BRAND REVENUES $ 11,657 $ 11,761 -1 % 3 % $ 44,436 $ 42,293 5 % 6 % 1 The percent change has been calculated using actual exchange rates in use during the comparative prior year period and is provided to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations, which is considered a non-GAAP financial measure. Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes this non-GAAP financial measure provides investors with additional financial information that should be considered when assessing the Company’s underlying business performance and trends. References to this measure should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. 2 Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. 3 Corporate revenues primarily consist of foreign currency hedge gains and losses related to revenues generated by entities within the NIKE Brand geographic operating segments and Converse, but managed through the Company’s central foreign exchange risk management program. NIKE, Inc. SUPPLEMENTAL NIKE BRAND REVENUE DETAILS (Unaudited) % Change TWELVE MONTHS ENDED % (Dollars in millions) 5/31/2022 5/31/2021 Change NIKE Brand Revenues by: Sales to Wholesale Customers $ 25,608 $ 25,898 -1 % -1 % Sales through NIKE Direct 18,726 16,370 14 % 15 % Global Brand Divisions2 102 25 308 % 302 % TOTAL NIKE BRAND REVENUES $ 44,436 $ 42,293 5 % 6 % NIKE Brand Revenues on a Wholesale Equivalent Basis:3 Sales to Wholesale Customers $ 25,608 $ 25,898 -1 % -1 % Sales from our Wholesale Operations to NIKE Direct Operations 10,543 9,872 7 % 7 % TOTAL NIKE BRAND WHOLESALE EQUIVALENT REVENUES $ 36,151 $ 35,770 1 % 1 % NIKE Brand Wholesale Equivalent Revenues by:3,4 Men’s $ 18,797 $ 18,391 2 % 3 % Women’s 8,273 8,225 1 % 1 % NIKE Kids’ 4,874 4,882 % % Jordan Brand 5,122 4,780 7 % 7 % Others5 (915 ) (508 ) -80 % -79 % TOTAL NIKE BRAND WHOLESALE EQUIVALENT REVENUES $ 36,151 $ 35,770 1 % 1 % 1 The percent change has been calculated using actual exchange rates in use during the comparative prior year period and is provided to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations, which is considered a non-GAAP financial measure. Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes this non-GAAP financial measure provides investors with additional financial information that should be considered when assessing the Company’s underlying business performance and trends. References to this measure should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. 2 Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. 3 References to NIKE Brand wholesale equivalent revenues, which are considered non-GAAP financial measures, are intended to provide context as to the total size of the Company’s NIKE Brand market footprint if it had no NIKE Direct operations. NIKE Brand wholesale equivalent revenues consist of 1) sales to external wholesale customers and 2) internal sales from the Company’s wholesale operations to its NIKE Direct operations which are charged at prices comparable to those charged to external wholesale customers. Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes this non-GAAP financial measure provides investors with additional financial information that should be considered when assessing the Company’s underlying business performance and trends. References to this measure should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. 4 As a result of the Consumer Direct Acceleration strategy, announced in fiscal 2021, the Company is now organized around a new consumer construct of Men's, Women's and Kids'. Beginning in the first quarter of fiscal 2022, unisex products are classified within Men's, and Jordan Brand revenues are separately reported. Certain prior year amounts have been reclassified to conform to fiscal 2022 presentation. These changes had no impact on previously reported consolidated results of operations or shareholders' equity. For additional information about the Consumer Direct Acceleration refer to Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations within the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2021. 5 Others include products not allocated to Men’s, Women’s, NIKE Kids’ and Jordan Brand, as well as certain adjustments that are not allocated to products designated by consumer. NIKE, Inc. EARNINGS BEFORE INTEREST AND TAXES1 (Unaudited) THREE MONTHS ENDED % TWELVE MONTHS ENDED % (Dollars in millions) 5/31/2022 5/31/2021 Change 5/31/2022 5/31/2021 Change North America $ 1,478 $ 1,794 -18 % $ 5,114 $ 5,089 % Europe, Middle East & Africa 899 550 63 % 3,293 2,435 35 % Greater China 311 691 -55 % 2,365 3,243 -27 % Asia Pacific & Latin America 549 418 31 % 1,896 1,530 24 % Global Brand Divisions2 (1,229 ) (1,110 ) -11 % (4,262 ) (3,656 ) -17 % TOTAL NIKE BRAND1 2,008 2,343 -14 % 8,406 8,641 -3 % Converse 165 138 20 % 669 543 23 % Corporate3 (759 ) (564 ) -35 % (2,219 ) (2,261 ) 2 % TOTAL NIKE, INC. EARNINGS BEFORE INTEREST AND TAXES1 1,414 1,917 -26 % 6,856 6,923 -1 % EBIT margin1 11.6 % 15.5 % 14.7 % 15.5 % Interest expense (income), net 40 63 — 205 262 — TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES $ 1,374 $ 1,854 -26 % $ 6,651 $ 6,661 % 1 The Company evaluates the performance of individual operating segments based on earnings before interest and taxes (commonly referred to as “EBIT”), which represents net income before interest expense (income), net and income tax expense. Total NIKE Brand EBIT, Total NIKE, Inc. EBIT and EBIT margin are considered non-GAAP financial measures. Management uses these non-GAAP financial measures when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes these non-GAAP financial measures provide investors with additional financial information that should be considered when assessing the Company’s underlying business performance and trends. EBIT margin is calculated as EBIT divided by total NIKE, Inc. Revenues. References to EBIT and EBIT margin should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. 2 Global Brand Divisions primarily represent demand creation and operating overhead expense, including product creation and design expenses that are centrally managed for the NIKE Brand, as well as costs associated with NIKE Direct global digital operations and enterprise technology. Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. 3 Corporate consists primarily of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to the Company’s corporate headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses, including certain hedge gains and losses. View source version on businesswire.com: https://www.businesswire.com/news/home/20220627005703/en/ Investor Contact: Media Contact: Source: NIKE, Inc.
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Paul Trussell
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KeJuan Wilkins
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FAQs
What fiscal quarter is Nike in? ›
BEAVERTON, Ore. --(BUSINESS WIRE)-- NIKE, Inc. (NYSE:NKE) today reported fiscal 2023 financial results for its second quarter ended November 30, 2022.
How is Nike doing financially 2022? ›NIKE revenue for the twelve months ending November 30, 2022 was $49.107B, a 6.05% increase year-over-year. NIKE annual revenue for 2022 was $46.71B, a 4.88% increase from 2021. NIKE annual revenue for 2021 was $44.538B, a 19.08% increase from 2020. NIKE annual revenue for 2020 was $37.403B, a 4.38% decline from 2019.
What fiscal year is Nike in? ›(NYSE:NKE) today reported fiscal 2023 financial results for its first quarter ended August 31, 2022.
Does Nike have an annual report? ›View the Nike annual report 2022 below. Download this and previous annual reports by simply selecting the year. And read the PDF documents on your computer and mobile device. Use Adobe Acrobat Reader® and Liquid Mode for best reading experience.
What is the 4th fiscal quarter? ›Q4 is the last quarter of the fiscal year for companies. Most follow the calendar year, which means the fourth quarter starts Oct. 1 and ends Dec. 31. Some companies have fiscal years that follow dates that differ from the calendar year.
What is 4th quarter fiscal year? ›Q1 is January, February, and March, Q2 is April, May, and June, Q3 is July, August, and September, and Q4 is October, November, and December.
How is the Nike company doing financially? ›Nike reported revenue of $13.32 billion, up 17% from $11.36 billion a year earlier. Considering the strong performance, Nike Chief Financial Officer Matt Friend said on an earnings call that the company now sees its revenue growing for the full fiscal year.
Is Nike financially stable? ›Nike (NYSE:NKE) is one of the most stable companies in the United States and the world with multiple sales avenues in the athletics, athleisure and general footwear and clothing business segments.
Is Nike stock expected to go up? ›Stock Price Forecast
The 31 analysts offering 12-month price forecasts for Nike Inc have a median target of 130.00, with a high estimate of 185.00 and a low estimate of 85.00. The median estimate represents a +0.88% increase from the last price of 128.86.
Fiscal year 2022 (July 1, 2021-June 30, 2022) is the first year of the five-year forecast and is considered the baseline year. Fiscal year 2022 is the first year of the five-year forecast and is considered the baseline year. Board Members discussed changes to various budgeted expenditures.
What is the fiscal year schedule? ›
The federal government uses a fiscal year for its budget. This fiscal year always starts on Oct. 1 and ends on Sep. 30 of the following year.
What are the dates for fiscal year 22? ›The current fiscal year, FY 2022, ends on Sept. 30, 2022. FY 2023 starts Oct. 1, 2022, and ends Sept.
What are the 4 reports in a company's annual report? ›Most annual reports provide a fundamental overview of the business over the past year. The sections typically included in an annual report are an opening letter from the chairman, a business profile, analysis by management and financial information.
Where is the best place to find annual reports? ›- EDGAR--SEC Website. ...
- Company's Website. ...
- Public Register's Annual Reports. ...
- Yahoo Finance. ...
- Google Finance. ...
- Company Spotlight from Investopedia. ...
- Investor Relations Information Network (IRIN) ...
- The Annual Reports Service.
The U.S. Securities and Exchange Commission (SEC) requires that companies distribute annual reports to their shareholders. Annual Reports are also available freely to the public for most U.S. companies that offer stock.
What is the 4th quarter of the year 2022? ›Q4 2022 is October 1-December 31.
What are the 4 quarter dates of the year? ›- First quarter, Q1: 1 January – 31 March (90 days or 91 days in leap years)
- Second quarter, Q2: 1 April – 30 June (91 days)
- Third quarter, Q3: 1 July – 30 September (92 days)
- Fourth quarter, Q4: 1 October – 31 December (92 days)
Dates for Q1: January 1 – March 31. Dates for Q2: April 1 – June 3. Dates for Q3: July 1 – September 30. Dates for Q4: October 1 – December 31.
What is fiscal quarter of a company? ›A fiscal quarter is one of the four three-month periods that make up an organization's fiscal year. Fiscal quarter is abbreviated as Q and combined with dates to identify the specific period. For example, the fourth fiscal quarter of 2016 might be abbreviated as Q4 2016, Q4/16 or Q416.
What was the biggest issue with Nike? ›Our research highlights allegations of forced labour in the Nike supply chain, gender discrimination towards female athletes and parents, and failure to ensure all employees receive a living wage.
What is the problem with Nike right now? ›
Nike is operating in a very difficult environment as supply chain challenges continue to persist, high logistics and freight costs continue and the uncertainty remains with China's covid policy.
What is Nike's financial strength? ›Nike has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Is it good to buy Nike stock now? ›NIKE, Inc. - Buy. Zacks' proprietary data indicates that NIKE, Inc. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the NKE shares relative to the market in the next few months.
How much is Nike in debt? ›...
Compare NKE With Other Stocks.
| NIKE Annual Long Term Debt (Millions of US $) | |
|---|---|
| 2019 | $3,464 |
| 2018 | $3,468 |
| 2017 | $3,471 |
| 2016 | $1,993 |
...
International Peers - NIKE Inc.
| Company Name | NIKE Inc. |
|---|---|
| Ctry | USA |
| Market Cap. last (mUSD) | 199 791 |
| Beta 1-Year | 1.37 |
| Year-To-Date Price Change (in local currency) | 10.1% |
NIKE has received a consensus rating of Buy.
How much will Nike stock be worth in 5 years? ›With a five-year investment, you can expect up to +107.84% gain in value. “On average, Wall Street analysts predict that Nike's share price could reach $175.57 by 2023. The average NIKE stock price prediction forecasts a potential upside of 37.22% from the current NKE share price of $127.94.”
What is my fiscal year end date? ›A company's fiscal year is its financial year; it is any 12-month period that the company uses for accounting purposes. The fiscal year is expressed by stating the year-end date. A fiscal year-end is usually the end of any quarter, such as March 31, June 30, September 30, or December 31.
What are the months for quarterly fiscal year? ›Fiscal year quarter means a quarter in a fiscal year (the fiscal year is October 1 through September 30). The fiscal year quarters are October 1-December 31, January 1-March 31, April 1-June 30, and July 1-September 30.
How much is the 2022 fiscal year budget? ›The federal government spent $6.27 trillion in FY 2022. This means federal spending was equal to 25% of the total gross domestic product (GDP), or economic activity, of the United States that year.
How many quarters are in a fiscal year? ›
As its name suggests, there are four quarterly periods in a year, meaning a publicly-traded company would issue four quarterly reports per year. Companies and investors alike use fiscal quarters to keep track of their financial results and business developments over time.
Is a fiscal year 12 months? ›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.
Is fiscal year and financial year same? ›The Financial and fiscal years are synonymous. They mean the twelve-month period to file accounting statements.
On what date does the 2022 federal fiscal year begin? ›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. The FY2022 Budget was released on May 27, 2021.
How do you read fiscal year? ›A company's fiscal year always aligns with the end date of a given 12-month period. For example, a fiscal year from May 1 2020 to April 30 2021 would be FY 2021. Fiscal years also always end on the last day of the month, unless it is December (in which case it would simply be a calendar year).
What are the dates of the Fiscal Quarters? ›Fiscal year quarter means a quarter in a fiscal year (the fiscal year is October 1 through September 30). The fiscal year quarters are October 1-December 31, January 1-March 31, April 1-June 30, and July 1-September 30.
What are the 2022 quarter dates? ›Dates for Q1: January 1 – March 31. Dates for Q2: April 1 – June 3. Dates for Q3: July 1 – September 30. Dates for Q4: October 1 – December 31.
What are the Fiscal Quarters in business? ›The definition of quarter is a three-month period within a company's financial year. It's used for budgeting and reporting purposes. The four quarters are: January to March, April to June, July to September, and October to December.
What does Q4 2022 mean? ›2022 Fiscal Quarters
Q1 2022 Dates: January 1 - March 31. Q2 2022 Dates: April 1 - June 30. Q3 2022 Dates: July 1 - September 30. Q4 2022 Dates: October 1 - December 31.
Fiscal year 2022 (July 1, 2021-June 30, 2022) is the first year of the five-year forecast and is considered the baseline year.
What month is Q4 2022? ›
Q4 2022 is October 1-December 31.
What are the dates for Q1 Q2 Q3 Q4? ›Q1 First Quarter: January 1st – March 31st. Q2 Second Quarter: April 1st – June 30th. Q3 Thirst Quarter: July 1st – September 30th. Q4 Fourth Quarter: October 1st – December 31st.
What fiscal year is it now? ›The current fiscal year, FY 2022, ends on Sept. 30, 2022. FY 2023 starts Oct. 1, 2022, and ends Sept.
When did the last fiscal quarter end? ›Fiscal Quarter-End means December 31, March 31, June 30 and September 30 of each year.
How many quarters are in 2022 a year? ›Beginning in 2022 and continuing through 2025, the Mint will issue five quarters in each of these years.
Is quarterly 3 or 4 months? ›A quarterly event happens four times a year, at intervals of three months.
How many days are in Q4? ›When is the end of the quarter? When does this quarter end? When is quarter-end? The current quarter Q4, ends on 12/31/2022 in 15 days (11 business days).
Are fiscal quarters the same for every company? ›Companies can have different fiscal years from one another so their quarterly report release dates may be different.