This study aims to measure the financial reporting quality of private commercial banks operating in Ethiopia. The study also attempted to assess the trend of the financial reporting quality and its components. The study used method of operationalizing the elements of qualitative characteristics of accounting information to measure the financial reporting quality. For the achievement of the study objective, both primary and secondary data have been collected from the eight sampled private commercial banks operating in Ethiopia for 15 years from 2007 – 2021. The result of the study revealed that the financial reporting quality has a mean score of 3.08775 which is close to the neutral or average value of ‘‘3’’. The minimum and maximum scores of FRQ are 2.24 and 3.97 respectively. From the components of FRQ, understandability is found to be the dominant one with a mean score of 3.492392. To the reverse, the least mean score is found for timeliness which is 1.975. The result of trend analysis indicated that FRQ and all components of FRQ except timeliness showed an increasing trend except some fluctuations. Finally, it is recommended for future study to incorporate verifiability which is not included in this study to make the study inclusive of all the components of FRQ.