DEFINITION of Most Recent Quarter - MRQ
Most Recent Quarter (MRQ) refers to a company's most recently completed fiscal quarter. MRQ figures are used to describe changes in company performance. MRQ information is found on a company's financial statements.
BREAKING DOWN Most Recent Quarter - MRQ
Companies compile complete financial statements for each fiscal quarter, presenting their sales, earnings, and other measures of performance. Halfway through a quarter, complete data, including earnings, is not likely to be available. So the most recent financial data that is complete is likely to be available only when the quarter is complete. Quarterly disclosures, such as the 10-Q, are a legally required way of communicating the most recent quarter's performance. Many companies also put out less complete but still extensive press releases detailing their performance for the most recent quarter.
Companies typically include their income statement, balance sheet, and cash flow statement for the quarter. They also show how the quarter compares to the same period from a year earlier. Half-year data and annual data may also be presented.