# TTM Calculator – Trailing Twelve Months

URL: https://speedycalculator.com/calculators/finance/ttm/
Last updated: 2026-10-25

> The TTM calculator adds up the last four quarters of revenue, earnings or any other figure to get trailing-twelve-month values, and computes TTM EPS, P/E ratio and dividend yield.

## Inputs

- Last reported quarter
- One quarter before
- Two quarters before
- Three quarters before
- Shares outstanding
- Share price
- Dividends per share in the last 12 months

## Results

- Trailing twelve months value
- TTM per share
- TTM P/E (if the figure is net income)
- TTM dividend yield
- Latest quarter growth vs a year earlier (annualized run-rate)

## Formula

```
TTM = sum of the last four quarters
TTM EPS = TTM net income ÷ shares; TTM P/E = price ÷ TTM EPS
TTM dividend yield = TTM dividends per share ÷ price
```

## Explanation

Trailing twelve months figures give the most up-to-date view of a full year's performance without waiting for the annual report, and remove seasonal effects of looking at one quarter alone.

### How to use the TTM Calculator – Trailing Twelve Months

- **Last reported quarter**
- **One quarter before**
- **Two quarters before**
- **Three quarters before**
- **Shares outstanding**
- **Share price**
- **Dividends per share in the last 12 months**

Results update as you type, and every field accepts the units shown in its menu.

### How it works

Enter the figure for each of the last four quarters (most recent first), and optionally shares, share price and dividends.

### Tips

- Use the nominal annual rate and pick the compounding frequency your bank or broker states.
- Small differences in return or fees compound into large differences over decades.
- Run the calculation with a cautious, a central and an optimistic return to see the range of outcomes.
- Past returns do not guarantee future returns – nothing here is investment advice.

### Common mistakes to avoid

- Comparing an APR with an APY or effective rate.
- Ignoring inflation, taxes and fees when judging a real return.
- Entering a percentage as a decimal (5 instead of 0.05 is correct here).

### Inputs explained

FieldWhat to enterLast reported quarterAmount in your currencyOne quarter beforeAmount in your currencyTwo quarters beforeAmount in your currencyThree quarters beforeAmount in your currencyShares outstandingA numberShare priceAmount in your currencyDividends per share in the last 12 monthsAmount in your currency

### What each result means

- **Trailing twelve months value** = [Last reported quarter] + [One quarter before] + [Two quarters before] + [Three quarters before]
- **TTM per share** = [Trailing twelve months value]÷[Shares outstanding]
- **TTM P/E (if the figure is net income)** = [Share price]÷[TTM per share]
- **TTM dividend yield** = [Dividends per share in the last 12 months]÷[Share price]×100
- **Latest quarter growth vs a year earlier (annualized run-rate)** = ([Last reported quarter]×4÷[Trailing twelve months value] - 1)×100

### Example values

How the main result changes when **Last reported quarter** changes and everything else stays at the example values above:

Last reported quarterTrailing twelve months value1,300,0008,200,0001,950,0008,850,0002,600,0009,500,0003,250,00010,150,0003,900,00010,800,0005,200,00012,100,000

## Worked example

Inputs — Last reported quarter: $2,600,000; One quarter before: $2,400,000; Two quarters before: $2,300,000; Three quarters before: $2,200,000; Shares outstanding: 5,000,000; Share price: $40; Dividends per share in the last 12 months: $0.8.

Results — **Trailing twelve months value = $9,500,000.00**; TTM per share = $1.90; TTM P/E (if the figure is net income) = 21.05; TTM dividend yield = 2 %; Latest quarter growth vs a year earlier (annualized run-rate) = 9.47 %.

## FAQ

**What does TTM mean?**
Trailing twelve months – the most recent 12-month period.

**Why use TTM instead of the annual report?**
It is more current, updated every quarter.

**Can TTM be used for any metric?**
Yes – revenue, EBITDA, earnings, cash flow or dividends.

**What formula does the TTM Calculator – Trailing Twelve Months use?**
TTM = sum of the last four quarters.


## Sources

- [Corporate Finance Institute – financial ratios](https://corporatefinanceinstitute.com/)