The length of a fiscal quarter is typically 90 days, but it can vary depending on the company’s accounting practices and the specific fiscal calendar they are using.
A fiscal quarter represents one-fourth of the financial year, which is often, but not always, aligned with the calendar year. Most organizations divide their fiscal years into four distinct quarters: Q1, Q2, Q3, and Q4. Each of these quarters generally consists of 3 months.
However, some companies may adopt a 4-4-5 calendar, where each quarter consists of 13 weeks (or 91 days), which can result in a slight variation in the actual number of days. This approach standardizes reporting and creates uniformity in periods.
Ultimately, while 90 days is a common timeframe for a fiscal quarter, it’s essential to check a specific company’s financial calendar for the most accurate information.