SEC Readies Proposal to End Mandatory Quarterly Reporting, Allow Semiannual Filings

US-listed companies currently must file quarterly financial reports with the Securities and Exchange Commission, giving investors regular updates on revenue, earnings and risks. Switching to semiannual reporting could reduce filing and audit costs and discourage management from chasing short-term results. However, markets are concerned that less frequent disclosure would make it harder for investors to assess companies’ operations promptly.

The SEC is preparing to propose rules that would end mandatory quarterly filings for listed companies and allow them to issue financial reports every six months, in line with President Donald Trump’s push for semiannual reporting. The proposal could be released for public comment as early as April but has not been finalized. The SEC has yet to specify its scope, transition timetable or effective date.