Quarter (Q1, Q2, Q3, and Q4)

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Definition of 'Quarter (Q1, Q2, Q3, and Q4)'

A quarter is a three-month period in a calendar year. The four quarters are often referred to as Q1 (first quarter), Q2 (second quarter), Q3 (third quarter), and Q4 (fourth quarter).

Quarters are used to track financial performance over time. For example, a company's quarterly earnings report will show its financial results for the previous three months.

Quarters are also used to set financial goals. For example, a company might set a goal of increasing its sales by 10% in each quarter of the year.

Quarters are a useful way to track financial performance and set financial goals. By understanding how quarters work, you can make better financial decisions for your business.

Here are some additional details about quarters:

* The first quarter of the year runs from January 1 to March 31.
* The second quarter of the year runs from April 1 to June 30.
* The third quarter of the year runs from July 1 to September 30.
* The fourth quarter of the year runs from October 1 to December 31.

Quarters are often used in conjunction with other financial terms, such as fiscal year and year-over-year growth.

A fiscal year is a 12-month period that can start on any day of the year. The most common fiscal year is the calendar year, which runs from January 1 to December 31. However, some companies use a different fiscal year, such as a July 1 to June 30 fiscal year.

Year-over-year growth is the percentage change in a company's financial results from one year to the next. For example, if a company's sales were $100 million in 2021 and $120 million in 2022, its year-over-year growth would be 20%.

Quarters, fiscal years, and year-over-year growth are all important concepts for understanding financial performance. By understanding these terms, you can make better financial decisions for your business.

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