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DEFINITION of 'Quarter - Q1, Q2, Q3, Q4'. A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends. A quarter refers to one-fourth of a year and is typically expressed as Q.. The four quarters that make up the year are: January, February and March (Q1); April, May and June (Q2); July, August and September (Q3); and October, November and December (Q4). A quarter is often shown with its relevant year, as in Q1 2015 or Q1/15, which represents the first quarter of the year 2015.
In order to draw/write a quarter rest, think of it as a 3, drawn backward. Then, give it a little Alfalfa (from the Little Rascals) hair, sticking up and leaning left. (You can just do the backward 3. That's what I do.).