GLOSSARY

Fiscal Year (FY)

The U.S. government's accounting year, running from October 1 to September 30.
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About Fiscal Year (FY)

<p>H-1B cap allotments are tied to <b>fiscal years</b>. For example, FY2026 starts on Oct 1, 2025 and runs to Sept 30, 2026.</p><p>When we say 'FY2026 H-1B cap,' that refers to H-1B visas that begin in the government's fiscal year 2026 (i.e., starting October 1, 2025).</p><p>Registration in March 2025 and selection would be for FY2026 start dates. This timing is why the lottery happens in spring for jobs that commence in October – the beginning of the next FY. Understanding FY nomenclature is important for cap season discussions.</p>

CATEGORY

Government Operations

KEYWORDS

fiscal year, FY, October 1, government accounting, H-1B cap, timing

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