What Does The Fiscal And Financial Year (FY) Mean in Investing?

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In finance, FY means the financial year or fiscal year. They are the same thing but “fiscal year” is more commonly used outside of Australia.

What happens at the end of the financial year?

At the end of the financial year, every company will take stock of their financial position and draw up their annual report and financial statements (balance sheet, cash flow statement, etc.).

Private companies often get a tax accountant to do their annual report – usually just to tell them how much tax is due!

Larger companies and businesses normally have investors to please, so the financial results will be sent or mailed to the investors.

For companies on the stock exchange (e.g. ASX), the annual financial results are really important because they provide the basis for investment decisions.

For example, an analyst might say, “based on its financial results for the last financial year, I think XYZ Company shares are a buy”.

When does the fiscal/financial year start and end?

Knowing when a financial year starts and ends can be confusing.

In Australia, the tax year is the same for every person. That is, the tax year ends June 30th each year and the new one starts the next day (July 1st).

For companies and businesses, it can vary from one company to the next.

Most companies — but not all — use the tax year (June 30th) as the end date to their financial year.

However, some companies might use the calendar year as their financial year. Others will have another date, like the end of September.

Some companies, like retailers, choose January to end their financial year because it means the annual report will include the busy Christmas period (covering December and January).


The financial year a company chooses can vary slightly from one year to the next and not all companies use the same financial year.

Therefore, make sure you’re comparing apples to apples. Some companies may make small adjustments to the dates included in their financial year to make their returns look better. Make sure you read the fine print!

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Owen Raszkiewicz

Owen Raszkiewicz

Owen is the Chief Investment Officer of Rask Invest and Founder of Rask. Since founding The Rask Group in 2017 in the hillside suburb of Upwey, Victoria, Owen has overseen the growth of the Rask platform to over 200,000 investor followers. Today, Owen oversees the Rask Analyst team, which helps more than 4,000 Aussies build core portfolios from ETFs and shares, he hosts Australia's biggest investing podcast, The Australian Investors Podcast, appears on Rask's other channels, covering Property, Business and Finance; and leads Rask Education - our education platform which has enrolled over 25,000 Australians into free finance courses. Prior to founding Rask, Owen was an investment analyst at the highly regarded managed funds research business and a writer/analyst for one of the most well-known share market publications. Owen’s formal qualifications include a Master of Applied Finance and Master of Financial Planning from Kaplan Professional, Bachelor of Technology (Information Systems) from Swinburne University of Technology, Advanced Diploma of Financial Services (Financial Planning) and Diploma of Mortgage Broking Management. He's also completed level 1 of the Chartered Financial Analyst (CFA) program.

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