Interim financial report covering one quarter and giving a timely update on performance, position, and disclosures.
A quarterly report is an interim financial report covering one quarter of a fiscal year. It gives users a more timely view of a company’s performance and position than waiting for the annual report alone.
A quarterly report commonly includes:
an interim income statement
an interim balance sheet
an interim cash-flow statement
selected disclosures and commentary
The exact package depends on the jurisdiction and reporting framework.
Quarterly reports matter because they:
give markets timely updates
help track trends inside the fiscal year
reduce the information gap between annual reports
provide a basis for interim performance analysis
They are especially important for public-company reporting.
Quarterly Reporting: The broader reporting practice that produces quarterly reports.
Reporting Period: The quarter is one type of reporting period.
Financial Reporting: The broader process around interim and annual statements.
General Purpose Financial Statements: The broader statement package that annual and interim reporting supports.
Income Statement: A core part of many quarterly reports.