Government Fiscal Year 2024 Quarters. Q2, or the second quarter, refers to the accounting period of april, may and june. The federal government uses a fiscal year for its budget.
Fiscal quarters follow a company’s chosen fiscal year timeframe, which may or may not align with the calendar year. The latest economic data shows second quarter us gross domestic product (gdp) rose 3% year over year, a faster pace than wall street had expected.