What is a quarter? Simply explained

The question “What is a quarter?” is often encountered in the economic sector. You have probably also heard the term from your doctor at some point.

What is a quarter – an overview of the most important facts

If you visit a doctor, you have to have your health insurance card read once a quarter. In the economic sector, reports on the development of a company’s turnover and earnings are written on a quarterly basis.

• Quarter comes from the Latin word “quarters” and means quarter. A quarter covers three months and is used to make the year clearer for accounts and balance sheets etc.

• 1st quarter: Comprises the months of January, February and March
• 2nd quarter: Includes the months of April, May and June
• 3rd quarter: Comprises the months of July, August, September
• 4th quarter: Comprises the months of October, November, December

• The individual quarters are often abbreviated with the letter Q and the respective quarter number (Q1, Q2, Q3, Q4).