Trump Pushes for Less Frequent Earnings Reports to Boost Long-Term Business Focus

President Trump is calling for a change in how U.S. companies disclose their financial performance, advocating for a shift from quarterly to semiannual earnings reports.

“This will save money, and allow managers to focus on properly running their companies,”

he wrote in a post on Truth Social, suggesting that the change would ease the pressure of frequent reporting.

“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!!!”

Currently, U.S. public companies are required to report financial results every 90 days. Moving to a six-month schedule would mark a significant departure from existing rules and would bring the U.S. more in line with reporting standards in the U.K. and parts of the European Union.
Proponents argue that fewer reports could allow companies to prioritise long-term planning and reduce short-termism. Critics, however, warn that extended gaps between financial updates could reduce transparency and increase market uncertainty.
Trump previously raised this issue during an earlier period in office, when he urged regulators to explore alternatives to quarterly reporting.
It remains uncertain whether such a change would actually reduce costs for businesses. Some investors suggest that the frequency and rigour of U.S. financial disclosures contribute to higher valuations in American markets.
As it stands, the S&P 500 is trading at about 24.3 times forward earnings, compared to roughly 15.3 times for Europe’s STOXX 600, according to data from LSEG.
The U.S. only adopted quarterly reporting in 1970, when regulators shifted from a semiannual model.