I might be missing something in how financial quarter reporting is standardised, but take the following example:
library(lubridate)
quarter(ymd("2025-08-27"), fiscal_start = 1, type = "year_start/end")
#> [1] "2024/25 Q3"
Created on 2025-08-27 with reprex v2.1.1
My understanding is that it should instead return the string "2025 Q3", given that the fiscal year starts 2025-01-01 and finishes 2025-12-31.