{"iri":"https://lexicon.financial/ext/TrailingTwelveMonths","label":"Trailing Twelve Months","definition":"The most recent 12-month period ending at a specific date, usually month-end just before the diligence cutoff. Preferred over calendar-year financials because it captures the most up-to-date picture. A TTM period ending 2025-08-31 covers 2024-09-01 through 2025-08-31. Used as the base for the headline earnings figure in an LOI and QoE.","license":"https://spdx.org/licenses/MIT","source":"ext","source_url":"https://lexicon.financial/ext/"}