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September Market Recap
Talk about abolishing quarterly
earning reporting of public
companies have resurfaced recently.
While it is a fair argument that
quarterly reporting is burdensome
for public companies and may
encourage short-term thinking, its
benefits far outweigh its costs.
First and foremost, it is about
transparency and fairness.
According to Securities Industry
and Financial Markets Association
(SIFMA) data, US households/retail
investors own approximately 40% of
total U.S. stock market value, and
their participation in the stock
market keeps rising. The quarterly
reporting helps ensure level playing
field between retail and institutional
investors. From a company
perspective, going public has far
more benefits than staying private,
such as obtaining a much higher
company valuation and getting
access to a much wider investor
base. Quarterly reporting is a fair
price to pay to retain the privilege
of being a public company.
Talk About Abolishing Quarterly Reporting Resurfacing
Sourcing Information: SEC, FCA, ESMA, CSRC, SEBI, SGX, JSE, and other national regulators. Transparency Directive (2004/109/EC), DTR
4.2, NI 51-102, CVM Resolution 80/22, and equivalent rules. Exchange disclosure guides and circulars (TSE, HKEX, SGX, ASX, NSE, BSE).
Data compiled as of October 3, 2025.
24
20
1
Number of Countries Utilizing Each Reporting Schedule
Semiannual Quarterly Other
20251003-4872948
