fiscal year

Fiscal years generally begin in one calendar year and end in the next calendar year. For this reason, they are often stated as a year span, and all digits should be used for both the beginning and ending years:

• The budget will take effect for the 2026-2027 fiscal year.

You may also state a fiscal year with a single year. If you do, use the calendar year in which the fiscal year ends. Thus, for the 2026-2027 fiscal year you could also say “fiscal year 2027.”

For an even shorter abbreviation, you can abbreviate “fiscal year” as “FY” and delete the space before the number, which would give you “FY27.”