TTM
TTM (abbreviation) means trailing twelve months, in finance: a company's performance over the most recent twelve-month period rather than its official financial year. Example: “TTM revenue is up 12 per cent.”
How to Use TTM
Learner’s notesIn plain EnglishThe last twelve months of results, counted from the most recent quarter.
Standard in financial writing, always capitalised and usually placed before the metric: TTM revenue, TTM EBITDA.
Read "TTM revenue of $4bn" as "revenue of $4bn over the last twelve months", not as a forecast.
Trace the full origin ↓Fill the Gap
Can you complete this real example?
_____ revenue is up 12 per cent.
Etymology
An initialism with several unrelated expansions.
Synonyms
View more →Frequently Asked Questions
What does TTM mean in stocks?
Trailing twelve months — the sum of the last four reported quarters, ending whenever the most recent one did. It gives a current, full-year picture without waiting for the fiscal year to close, which is why TTM earnings are used to calculate the widely quoted trailing P/E ratio.
What is the difference between TTM and LTM?
None. Trailing twelve months and last twelve months are the same measure; TTM is more common in American equity research and LTM in investment banking, particularly in Europe.
What is the difference between TTM and fiscal year?
A fiscal year is a fixed twelve-month reporting period set by the company. TTM is a rolling twelve months that always ends at the latest quarter, so it moves forward each quarter and reflects recent performance more quickly.