President Donald Trump said Monday that U.S. companies should no longer be required to file quarterly earnings reports with the Securities and Exchange Commission (SEC), instead moving to a six-month reporting schedule. Trump argued the change would cut costs and allow executives to better focus on managing their businesses.
- In a Truth Social post, Trump wrote: “Companies and Corporations should no longer be forced to ‘Report’ on a quarterly basis… This will save money, and allow managers to focus on properly running their companies.”
- He contrasted the U.S. system with China’s long-term corporate planning, saying, “China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis.”
- Trump previously asked the SEC to consider eliminating quarterly reporting requirements during his first term in office (2017–2021).
- Currently, SEC rules require public companies to issue quarterly financial statements alongside annual reports, a framework that has long drawn criticism from some executives and policymakers who say it promotes short-termism.
- Any change would require SEC approval and likely face debate from investors and corporate governance groups who value frequent transparency.
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Editor’s Note: This is a developing story. This article may be updated as more details become available.
