A **fiscal year** is a 12-month period used by companies for accounting purposes.

Sometimes a fiscal year is measured from the beginning of January to the end of December, which matches a calendar year.

However, sometimes companies use a different rolling 12-month period as their fiscal year.

For example, sometimes a fiscal year ranges from the beginning of April to the end of March.

To extract a fiscal year from a date in Excel, you can use the following formula:

=IF(MONTH(A2)>3, YEAR(A2), YEAR(A2)-1)

This particular formula extracts the fiscal year from the date in cell **A2** and assumes that the fiscal year ends on the last day of March (the third month of the year).

To use a different ending month, simply change the **3** in the formula to a different value.

For example, if the fiscal year ends on the last day of October then use a **10** instead since this is the 10th month of the year.

The following example shows how to use this formula in practice.

**Example: Get Fiscal Year from Date in Excel**

Suppose we have the following column of dates in Excel:

Let’s assume that this particular company uses a fiscal year that starts on the first day of April and ends on the last day of March.

We can type the following formula into cell **B2** to get the fiscal year for the date in cell **A2**:

=IF(MONTH(A2)>3, YEAR(A2), YEAR(A2)-1)

We can then click and drag this formula down to each remaining cell in column B:

Column B shows the fiscal year for each date in column A.

Each date that is before April 1, 2023 has a fiscal year of 2022 while each date starting on April 1, 2023 or after has a fiscal year of 2023.

**How This Formula Works**

Recall the formula that we used to get the fiscal year:

=IF(MONTH(A2)>3, YEAR(A2), YEAR(A2)-1)

Here is how this formula works:

The **MONTH** function extracts the month from a date.

If the month is greater than 3 (i.e. later than March) then the year from cell **A2** is returned.

Otherwise, if the month is equal to or less than 3 then the year before the year in cell **A2** is returned.

For example, cell **A2** has a date of 1/1/2023. Since the month of this date is less than 3, the year 2022 is returned.

**Additional Resources**

The following tutorials explain how to perform other common tasks in Excel:

How to Compare Dates Without Time in Excel

How to Use SUMIFS with a Date Range in Excel

How to Filter Dates by Month in Excel