Report indicates US Securities and Exchange Commission preparing new proposal to eliminate mandatory quarterly reporting requirements for listed companies

GateUser-bd883c58 · 2026-03-18T05:59:25+00:00

The U.S. Securities and Exchange Commission is planning to propose eliminating the mandatory quarterly earnings reporting requirement for companies like Apple and Microsoft, instead allowing enterprises to choose to disclose performance semi-annually. This move aims to reduce the burden on publicly listed companies, but uncertainty remains regarding whether the proposal will pass.

GateUser-bd883c58

2026-03-18 05:59:25

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The Wall Street Journal reported on March 16 that the U.S. Securities and Exchange Commission (SEC) is preparing a major proposal to eliminate the mandatory requirement for publicly traded companies like Apple, Microsoft, and NVIDIA to submit quarterly financial reports. Instead, companies would be allowed to voluntarily disclose their earnings every six months.

The agency is expected to release this proposal as early as next month. To facilitate the implementation of the new regulation, regulators have recently been in close communication with senior executives from major stock exchanges to discuss how to adjust current trading rules accordingly.

According to reports, after the proposal is announced, it will enter a public comment period as usual. The SEC will hold a final vote on the proposal after at least 30 days of public feedback.

IT House cited the blog post, explaining that this regulatory reform aims to change the requirement for quarterly financial reports from “mandatory” to “voluntary,” rather than completely banning companies from releasing quarterly reports. However, whether the proposal will ultimately pass remains uncertain.

For over 50 years, U.S. publicly traded companies have been required to disclose earnings every three months. However, calls for reducing the reporting frequency to semi-annual reports surged at the end of last year. The Long-Term Stock Exchange (LTSE) officially petitioned the SEC in September last year, urging the removal of quarterly reporting requirements.

Proponents of reducing reporting frequency believe that this move could help boost the shrinking number of publicly listed companies in the U.S. Many companies choose to stay private because going public and maintaining transparency involves significant time and high compliance costs. Opponents argue that current investment decisions heavily rely on regularly disclosed data.

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