4 ms·
We're literally in fiscal year 2025. The report also calls it fiscal year 2025. Fiscal years are about when you'll pay tax. This is Q1 of four quarters to be r
by AnotherGoodName 2y ago
We're literally in fiscal year 2025. The report also calls it fiscal year 2025.
Fiscal years are about when you'll pay tax. This is Q1 of four quarters to be reported before Nvidia pays tax in 2025.
- jsnell 2y agoThis is incorrect. Fiscal years have nothing to do with when you pay tax. They're pretty much totally arbitrary, with different companies using different values. To demonstrate: The earnings Microsoft reported for this same quarter (calendar Q1 2024) a month ago were reported as their Q3 2024 fiscal year results. Apple's were fiscal Q2 2024. Google's were fiscal Q1 2024.
- StayTrue 2y ago> A fiscal year is a 12-month period chosen by a company or government to coincide with planning, budgeting, or revenue cycles. > Financial reports, external audits, and federal tax filings are based on a company's fiscal year. https://www.investopedia.com/terms/f/fiscalyear.asp https://www.investopedia.com/terms/f/fiscalyear.asp
- jsnell 2y agoYes, your link also explains that there's no single fiscal year, and every company just chooses to define it however they want. And while the fiscal year affects when the company needs to file a tax return, that's not when the company pays taxes which is what the GP claimed. They make estimated payments continuously, once per quarter.