President Trump on Monday proposed that U.S. public companies move from quarterly to semiannual earnings reports, saying it would reduce costs and promote long-term planning, but would require SEC approval.
“This will save money, and allow managers to focus on properly running their companies,” Trump wrote on Truth Social. “Did you ever hear the statement that, ‘China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis??? Not good!!!’” Trump said.
Trump has floated the idea before — in 2018, he asked the SEC to study ending quarterly reports, but the agency left the requirement in place.
“In speaking with some of the world’s top business leaders I asked what it is that would make business (jobs) even better in the U.S. “Stop quarterly reporting and go to a six month system,” said one. That would allow greater flexibility and save money. I have asked the SEC to study!,” Trump wrote in a 2018 tweet.
Quarterly filings are costly and heighten short-term investor pressure. Moving to semiannual reports would align U.S. rules with the U.K. and EU, where twice-yearly reporting is standard but quarterly updates remain optional. In the U.S., investors and executives remain fixated on quarterly earnings and analyst expectations, while semiannual reporting could shift focus toward long-term growth.
BREAKING: Trump: companies and corporations should no longer be forced to “Report” on a quarterly basis pic.twitter.com/DHNQL8OA5r
— unusual_whales (@unusual_whales) September 15, 2025
