Stock AnalizWhat does TTM (trailing twelve months) mean?
Updated November 15, 2026 · examples use today’s data
TTM stands for trailing twelve months: the most recent four quarters a company has reported, added together. It is the freshest full-year picture you can get, because it does not wait for the annual report.
How it is calculated
The standard method is: last fiscal year + the current year-to-date − the same period a year earlier. Microsoft's latest annual revenue was $331.8 billion; with the quarters it has reported since, its trailing revenue for the twelve months ending September 30, 2026 is $346.4 billion.
Why sites disagree
Different TTM numbers usually come from three things: a site that has not processed the newest 10-Q yet, a different revenue line (banks and energy companies report several "revenue" totals), or prior-year figures that the company later restated after a spin-off or correction. Stock Analiz rebuilds TTM figures from the SEC filings every night and cross-checks the largest companies against an independent calculation, using restated prior-year numbers from the latest filing.
TTM vs. fiscal year
Many companies do not end their year in December: Apple ends in late September, Microsoft in June, Nvidia in late January. TTM puts everyone on the same, most recent footing.
Frequently asked questions
Is TTM the same as LTM?
Yes. Last twelve months (LTM) and trailing twelve months (TTM) mean the same thing.
How fast does a TTM number update after earnings?
On Stock Analiz, new filings are picked up within the hour on weekdays, and every company is rebuilt overnight.
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Educational content, not investment advice. Figures in the examples come from company filings and market prices and update automatically.