diff --git a/src/app/(dashboard)/reports/page.tsx b/src/app/(dashboard)/reports/page.tsx
index dc3723a..c447b07 100644
--- a/src/app/(dashboard)/reports/page.tsx
+++ b/src/app/(dashboard)/reports/page.tsx
@@ -13,6 +13,7 @@ import {
   type ReportFilters,
 } from "@/queries/reports";
 import { rangeToDateBounds, shiftDateRange, comparisonLabel, getCurrentMonth } from "@/lib/date-utils";
+import { resolveReportDateSelection, DEFAULT_REPORT_PRESET } from "@/lib/report-date-selection";
 import { ReportFilterBar } from "@/components/organisms/report-filter-bar";
 import { ReportTabs } from "@/components/organisms/report-tabs";
 import { SavedReportPicker } from "@/components/organisms/saved-report-picker";
@@ -30,15 +31,21 @@ export default async function ReportsPage({
 
   const tab = typeof params.tab === "string" && VALID_TABS.has(params.tab) ? params.tab : "spending";
   const preset = typeof params.preset === "string" ? params.preset : null;
+  const from = typeof params.from === "string" ? params.from : null;
+  const to = typeof params.to === "string" ? params.to : null;
+
+  // Shared with ReportFilterBar so the page and the chip above it can never
+  // describe the same URL differently.
+  const { effectivePreset, isAllTime, isPreset } = resolveReportDateSelection({ from, to, preset });
 
   let dateFrom: string;
   let dateTo: string;
 
-  if (typeof params.from === "string" && typeof params.to === "string") {
-    dateFrom = params.from;
-    dateTo = params.to;
+  if (from && to) {
+    dateFrom = from;
+    dateTo = to;
   } else {
-    const bounds = rangeToDateBounds(preset ?? "3M");
+    const bounds = rangeToDateBounds(effectivePreset ?? DEFAULT_REPORT_PRESET);
     dateFrom = bounds.from ?? "2000-01-01";
     dateTo = bounds.to;
   }
@@ -49,8 +56,6 @@ export default async function ReportsPage({
   const filters: ReportFilters = { dateFrom, dateTo, accountIds, categoryIds };
 
   // Comparison period
-  const isPreset = preset !== null;
-  const isAllTime = preset === "all" || (!params.from && !params.to && !preset);
   let compLabel: string | null = null;
   let compPeriod: { dateFrom: string; dateTo: string } | undefined;
 
diff --git a/src/components/organisms/report-filter-bar.tsx b/src/components/organisms/report-filter-bar.tsx
index cc132f3..2bad4c3 100644
--- a/src/components/organisms/report-filter-bar.tsx
+++ b/src/components/organisms/report-filter-bar.tsx
@@ -12,6 +12,7 @@ import {
 } from "@/components/molecules/date-range-popover";
 import { useSearchParamFilters } from "@/hooks/use-search-param-filters";
 import { rangeToDateBounds, formatDateShort, formatTxnSpan } from "@/lib/date-utils";
+import { resolveReportDateSelection } from "@/lib/report-date-selection";
 import type { CategoryGroup } from "@/queries/categories";
 
 // Reports keeps its own preset ids (mapped to rangeToDateBounds + the server's
@@ -51,10 +52,14 @@ export function ReportFilterBar({ accounts, categories }: ReportFilterBarProps)
   const fromParam = searchParams.get("from");
   const toParam = searchParams.get("to");
   const presetParam = searchParams.get("preset");
-  // No preset + a manual from/to = custom; otherwise fall back to the 3M default.
-  const hasCustom = !!(fromParam && toParam && !presetParam);
-  const effectivePreset = presetParam ?? (hasCustom ? null : "3M");
-  const dateActive = effectivePreset !== "all";
+  // Shared with the Reports page so the chip and the report below it always
+  // describe the same range.
+  const { effectivePreset, isAllTime } = resolveReportDateSelection({
+    from: fromParam,
+    to: toParam,
+    preset: presetParam,
+  });
+  const dateActive = !isAllTime;
   const dateValue = (() => {
     if (!dateActive) return null;
     if (effectivePreset) return REPORT_DATE_OPTIONS.find((o) => o.id === effectivePreset)?.label ?? null;
diff --git a/src/lib/date-utils.test.ts b/src/lib/date-utils.test.ts
index b79dfa9..4b83577 100644
--- a/src/lib/date-utils.test.ts
+++ b/src/lib/date-utils.test.ts
@@ -1,7 +1,7 @@
 import { describe, test, expect, vi, afterEach } from "vitest";
 import { test as fcTest } from "@fast-check/vitest";
 import { fc } from "@fast-check/vitest";
-import { rangeToDateBounds, monthBounds, shiftDateRange, comparisonLabel, formatTxnSpan, todayDateString } from "./date-utils";
+import { rangeToDateBounds, monthBounds, shiftDateRange, comparisonLabel, formatTxnSpan, todayDateString, formatDateShort } from "./date-utils";
 
 describe("todayDateString", () => {
   afterEach(() => {
@@ -114,6 +114,70 @@ describe("shiftDateRange", () => {
   });
 });
 
+describe("shiftDateRange on rolling preset ranges", () => {
+  // rangeToDateBounds("3M") produces a *rolling* window (e.g. Jun 2 - Sep 2),
+  // which spans four calendar months. The old month-span arithmetic added one
+  // to that span and snapped to end-of-month, producing a 118-day baseline for
+  // a 92-day window — so every comparison percentage was measured against a
+  // window 28% longer than the one it described.
+  const daysBetween = (a: string, b: string) =>
+    Math.round((new Date(b + "T12:00:00").getTime() - new Date(a + "T12:00:00").getTime()) / 86400000);
+
+  test("a rolling 3M window shifts to the immediately preceding window of equal length", () => {
+    const result = shiftDateRange("2026-06-02", "2026-09-02", "back", true);
+    expect(result).toEqual({ from: "2026-03-02", to: "2026-06-02" });
+  });
+
+  test("the baseline is the same length as the window it compares against", () => {
+    const result = shiftDateRange("2026-06-02", "2026-09-02", "back", true);
+    expect(daysBetween(result.from, result.to)).toBe(daysBetween("2026-06-02", "2026-09-02"));
+  });
+
+  test("month-aligned presets still shift by whole calendar months", () => {
+    // Apr 1 - Jun 30 is three whole months, so the baseline is Jan 1 - Mar 31
+    // rather than an equal-day-count window landing mid-month.
+    expect(shiftDateRange("2026-04-01", "2026-06-30", "back", true)).toEqual({
+      from: "2026-01-01",
+      to: "2026-03-31",
+    });
+  });
+
+  test("forward shifts are symmetric with back shifts", () => {
+    const back = shiftDateRange("2026-06-02", "2026-09-02", "back", true);
+    expect(shiftDateRange(back.from, back.to, "forward", true)).toEqual({
+      from: "2026-06-02",
+      to: "2026-09-02",
+    });
+  });
+
+  fcTest.prop([fc.integer({ min: 1, max: 200 })])(
+    "a rolling preset baseline always matches the window length",
+    (daySpan) => {
+      const fromDate = new Date("2026-06-02T12:00:00");
+      const toDate = new Date(fromDate);
+      toDate.setDate(toDate.getDate() + daySpan);
+      const to = `${toDate.getFullYear()}-${String(toDate.getMonth() + 1).padStart(2, "0")}-${String(toDate.getDate()).padStart(2, "0")}`;
+      const result = shiftDateRange("2026-06-02", to, "back", true);
+      expect(daysBetween(result.from, result.to)).toBe(daySpan);
+    },
+  );
+});
+
+describe("formatDateShort", () => {
+  const thisYear = new Date().getFullYear();
+
+  test("omits the year for dates in the current year", () => {
+    expect(formatDateShort(`${thisYear}-03-05`)).toBe("Mar 5");
+  });
+
+  test("includes the year for dates outside it", () => {
+    // A custom 2019 range used to render as "Jan 1 - Mar 31" with nothing
+    // saying which year, and a year-over-year comparison label was
+    // indistinguishable from the current year's.
+    expect(formatDateShort(`${thisYear - 7}-01-01`)).toContain(String(thisYear - 7));
+  });
+});
+
 describe("comparisonLabel", () => {
   test("formats date range as vs label", () => {
     const result = comparisonLabel("2026-01-01", "2026-03-31");
diff --git a/src/lib/date-utils.ts b/src/lib/date-utils.ts
index 5421250..dda6a5b 100644
--- a/src/lib/date-utils.ts
+++ b/src/lib/date-utils.ts
@@ -12,7 +12,18 @@ export function formatMonthShort(month: string): string {
 }
 
 export function formatDateShort(date: string): string {
-  return new Date(date + "T00:00:00").toLocaleDateString("en-US", { month: "short", day: "numeric" });
+  const d = new Date(date + "T00:00:00");
+  // The year is only shown when it is not the current one. Most dates on screen
+  // are recent, where a year is noise (and would crowd chart axis ticks), but
+  // without it an older range reads as "Jan 1 - Mar 31" with nothing saying
+  // which year, and a year-over-year comparison label is indistinguishable
+  // from this year's.
+  const showYear = d.getFullYear() !== new Date().getFullYear();
+  return d.toLocaleDateString("en-US", {
+    month: "short",
+    day: "numeric",
+    ...(showYear ? { year: "numeric" } : {}),
+  });
 }
 
 export function formatMonthLong(month: string): string {
@@ -70,6 +81,12 @@ export function monthBounds(monthStr: string): { from: string; to: string } {
   };
 }
 
+/** True when the range covers whole calendar months end to end (1st -> last). */
+function isWholeMonthSpan(fromDate: Date, toDate: Date): boolean {
+  const lastDayOfToMonth = new Date(toDate.getFullYear(), toDate.getMonth() + 1, 0).getDate();
+  return fromDate.getDate() === 1 && toDate.getDate() === lastDayOfToMonth;
+}
+
 export function shiftDateRange(
   from: string,
   to: string,
@@ -77,10 +94,17 @@ export function shiftDateRange(
   isPreset: boolean,
 ): { from: string; to: string } {
   const sign = direction === "back" ? -1 : 1;
+  const fromDate = new Date(from + "T12:00:00");
+  const toDate = new Date(to + "T12:00:00");
 
-  if (isPreset) {
-    const fromDate = new Date(from + "T12:00:00");
-    const toDate = new Date(to + "T12:00:00");
+  // Calendar-month arithmetic only makes sense for a range that actually spans
+  // whole months (Apr 1 - Jun 30). `rangeToDateBounds` returns a *rolling*
+  // window instead (Jun 2 - Sep 2), which touches four calendar months: the
+  // month-span arithmetic counted 4, and the end-of-month snap then stretched
+  // the baseline to 118 days against a 92-day window. A rolling window shifts
+  // by its own length, so the baseline is always the period immediately before
+  // it and exactly as long.
+  if (isPreset && isWholeMonthSpan(fromDate, toDate)) {
     const monthSpan =
       (toDate.getFullYear() - fromDate.getFullYear()) * 12 +
       (toDate.getMonth() - fromDate.getMonth()) + 1;
@@ -97,8 +121,6 @@ export function shiftDateRange(
     };
   }
 
-  const fromDate = new Date(from + "T12:00:00");
-  const toDate = new Date(to + "T12:00:00");
   const daySpan = Math.round((toDate.getTime() - fromDate.getTime()) / 86400000);
   const newFrom = new Date(fromDate);
   newFrom.setDate(newFrom.getDate() + sign * daySpan);
diff --git a/src/lib/report-date-selection.test.ts b/src/lib/report-date-selection.test.ts
new file mode 100644
index 0000000..e8eaa57
--- /dev/null
+++ b/src/lib/report-date-selection.test.ts
@@ -0,0 +1,46 @@
+import { describe, test, expect } from "vitest";
+import { resolveReportDateSelection, DEFAULT_REPORT_PRESET } from "./report-date-selection";
+
+/**
+ * The Reports page and its filter bar both have to answer "which range is
+ * selected?". They used to answer separately, and disagreed: the bar labelled a
+ * bare /reports "Last 3 months" while the page treated it as all-time and
+ * silently dropped the comparison column.
+ */
+describe("resolveReportDateSelection", () => {
+  test("a bare /reports is the 3M default, not all time", () => {
+    const s = resolveReportDateSelection({});
+    expect(s.effectivePreset).toBe(DEFAULT_REPORT_PRESET);
+    expect(s.isAllTime).toBe(false);
+    expect(s.isPreset).toBe(true);
+  });
+
+  test("?preset=3M resolves identically to the bare default", () => {
+    expect(resolveReportDateSelection({ preset: "3M" })).toEqual(
+      resolveReportDateSelection({}),
+    );
+  });
+
+  test("only an explicit all-time preset is all time", () => {
+    const s = resolveReportDateSelection({ preset: "all" });
+    expect(s.isAllTime).toBe(true);
+  });
+
+  test("a custom from/to range is neither a preset nor all time", () => {
+    const s = resolveReportDateSelection({ from: "2019-01-01", to: "2019-03-31" });
+    expect(s.effectivePreset).toBeNull();
+    expect(s.isPreset).toBe(false);
+    expect(s.isAllTime).toBe(false);
+  });
+
+  test("a preset wins over from/to, which the filter bar sets alongside it", () => {
+    const s = resolveReportDateSelection({ from: "2026-06-02", to: "2026-09-02", preset: "6M" });
+    expect(s.effectivePreset).toBe("6M");
+    expect(s.isPreset).toBe(true);
+  });
+
+  test("a half-specified custom range falls back to the default", () => {
+    expect(resolveReportDateSelection({ from: "2026-06-02" }).effectivePreset).toBe(DEFAULT_REPORT_PRESET);
+    expect(resolveReportDateSelection({ to: "2026-09-02" }).effectivePreset).toBe(DEFAULT_REPORT_PRESET);
+  });
+});
diff --git a/src/lib/report-date-selection.ts b/src/lib/report-date-selection.ts
new file mode 100644
index 0000000..5c9e394
--- /dev/null
+++ b/src/lib/report-date-selection.ts
@@ -0,0 +1,39 @@
+/**
+ * Which date range the Reports page is showing.
+ *
+ * The page and its filter bar both need this answer, and they used to derive it
+ * separately. They disagreed on a bare `/reports`: the bar defaulted to the 3M
+ * preset and rendered "Last 3 months", while the page read the absent params as
+ * all-time and suppressed the comparison column. Same URL, same data, two
+ * different UIs — so the resolution lives here and both read it.
+ */
+
+/** Applied when the URL carries no preset and no explicit from/to pair. */
+export const DEFAULT_REPORT_PRESET = "3M";
+
+export interface ReportDateSelection {
+  /** A preset id, or `null` when the user picked an explicit from/to range. */
+  effectivePreset: string | null;
+  /** No lower bound, so there is no previous period to compare against. */
+  isAllTime: boolean;
+  /** Presets shift by calendar months; custom ranges shift by day count. */
+  isPreset: boolean;
+}
+
+export function resolveReportDateSelection(params: {
+  from?: string | null;
+  to?: string | null;
+  preset?: string | null;
+}): ReportDateSelection {
+  const preset = params.preset ?? null;
+  // Both bounds are required: a lone `from` is not a range, so it falls back to
+  // the default rather than resolving to a half-open custom selection.
+  const hasCustomRange = Boolean(params.from && params.to && !preset);
+  const effectivePreset = preset ?? (hasCustomRange ? null : DEFAULT_REPORT_PRESET);
+
+  return {
+    effectivePreset,
+    isAllTime: effectivePreset === "all",
+    isPreset: effectivePreset !== null,
+  };
+}