Year-to-date (YTD) definition
/What is Year-to-Date?
Year-to-date is the time period from the beginning of a reporting entity’s fiscal year up to the current date. It also refers to the cumulative balance appearing in an income statement account for the current year, through the end of the most recent reporting period. Thus, for financial statements using the calendar year, the concept refers to the period between January 1 and the current date.
Year-to-date balances are typically presented for revenue, expense, gain, or loss accounts, and are compared to year-to-date information for the preceding year, to judge the performance of a business during the current year. Of particular interest to investors are year-to-date net sales and year-to-date net profits, since these are the best indicators of aggregate corporate performance.