Q1 · Australia Fiscal Quarter

FM1–FM3 · July 2026 – September 2026

July 2026

SunMonTueWedThuFriSat
1234
567891011
12131415161718
19202122232425
262728293031

August 2026

SunMonTueWedThuFriSat
1
2345678
9101112131415
16171819202122
23242526272829
3031

September 2026

SunMonTueWedThuFriSat
12345
6789101112
13141516171819
20212223242526
27282930

What Q1 means in the Australia fiscal year

Q1 is the opening quarter. Budgets that cleared the previous year-end review are now operative; the focus is on translating planned spend into committed spend without burning down contingency too early. Headcount plans, capex authorisations, and renewed vendor contracts dominate calendar discipline in these three months.

For more on quarter conventions across non-calendar fiscal years see our fiscal quarter conventions guide; for year-end timing see closing the books.

Quarter at a glance

Fiscal monthCalendar monthDaysHolidaysOpen
FM1 July 2026 31 Monthly →
FM2 August 2026 31 Monthly →
FM3 September 2026 30 Monthly →

Operational checklist for Q1

Use this quarterly view to plan close milestones, board meetings, and reforecast deliverables. Lock the close calendar at the start of the quarter and circulate it to every function that posts journal entries. Identify the holidays in each fiscal month above and adjust accrual cutoffs accordingly so the books close cleanly without manual back-dating. See the budget cycle vs fiscal year guide for how this quarter typically intersects with the upcoming-year planning calendar.

Other quarters

Q2

October–December

Q3

January–March

Q4

April–June