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Q1: The first quarter is during 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 ...
Since they are three months each, they are also called trimesters. In the Gregorian calendar: First quarter, Q1: January 1 – March 31 (90 days or 91 days in leap years) [4] Second quarter, Q2: April 1 – June 30 (91 days) Third quarter, Q3: July 1 – September 30 (92 days) Fourth quarter, Q4: October 1 – December 31 (92 days)
Each quarter begins on a Sunday and ends on a Saturday. The quarters are equal: each has exactly 91 days, 13 weeks, or 3 months. The three months in each quarter have 31, 30, and 30 days respectively. Each quarter begins with the 31-day months of January, April, July, or October.
The longer "month" may be set as the first (5–4–4), second (4–5–4), or third (4–4–5) unit. Its major advantage over a regular calendar is that each period is the same length and ends on the same day of the week, which is useful for planning manufacturing or work shifts.
The 30-day months always have four Sundays each; and the 31-day months always have five Sundays each. The number of business days (non-weekends) in each month is 26. Since 91 is a multiple of 7, each quarter has 13 weeks and begins on the same day of week.
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Image source: The Motley Fool. Gilead Sciences (NASDAQ: GILD) Q4 2024 Earnings Call Feb 11, 2025, 4:30 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants
For example, a calendar provides a way to determine when to start planting or harvesting, which days are religious or civil holidays, which days mark the beginning and end of business accounting periods, and which days have legal significance, such as the day taxes are due or a contract expires. Also, a calendar may, by identifying a day ...