The Securities and Exchange Commission (SEC) is preparing a proposal that would allow US public companies to switch from quarterly to semiannual earnings reporting, potentially ending a 50-year-old requirement, The Wall Street Journal reported.
Under the plan, companies would be able to submit financial disclosures twice a year rather than four times, though quarterly reporting would remain optional.
The proposal could be released as soon as April 2026, followed by a public comment period of at least 30 days and a formal commission vote.
The proposal comes after advocacy from the Long-Term Stock Exchange and consultations with major stock exchanges to assess potential adjustments to listing rules.
Supporters, including SEC Chair Paul Atkins and President Donald Trump, argue the move would reduce compliance costs and discourage short-term decision-making.
Critics caution that less frequent reporting could reduce market transparency and increase volatility, while proponents point to European and UK markets, which have relaxed similar mandates without eliminating quarterly updates entirely.