In the datetime module, the datetime, time, and timedelta classes all have the smallest resolution of microseconds:

>>> from datetime import datetime, timedelta
>>> now = datetime.now()
>>> now
datetime.datetime(2009, 12, 4, 23, 3, 27, 343000)
>>> now.microsecond
343000

if you want to display a datetime with fractional seconds, just insert a decimal point and strip trailing zeros:

>>> now.strftime("%Y-%m-%d %H:%M:%S.%f").rstrip('0')
'2009-12-04 23:03:27.343'

the datetime and time classes only accept integer input and hours, minutes and seconds must be between 0 to 59 and microseconds must be between 0 and 999999. The timedelta class, however, will accept floating point values with fractions and do all the proper modulo arithmetic for you:

>>> span = timedelta(seconds=3662.567)
>>> span
datetime.timedelta(0, 3662, 567000)

The basic components of timedelta are day, second and microsecond (0, 3662, 567000 above), but the constructor will also accept milliseconds, hours and weeks. All inputs may be integers or floats (positive or negative). All arguments are converted to the base units and then normalized so that 0 <= seconds < 60 and 0 <= microseconds < 1000000.

You can add or subtract the span to a datetime or time instance or to another span. Fool around with it, you can probably easily come up with some functions or classes to do exaxtly what you want. You could probably do all your date/time processing using timedelta instances relative to some fixed datetime, say basetime = datetime(2000,1,1,0,0,0), then convert to a datetime or time instance for display or storage.

The simplest way would be to use slicing to just chop off the last three digits of the microseconds:

def format_time():
    t = datetime.datetime.now()
    s = t.strftime('%Y-%m-%d %H:%M:%S.%f')
    return s[:-3]

I strongly recommend just chopping. I once wrote some logging code that rounded the timestamps rather than chopping, and I found it actually kind of confusing when the rounding changed the last digit. There was timed code that stopped running at a certain timestamp yet there were log events with that timestamp due to the rounding. Simpler and more predictable to just chop.

If you want to actually round the number rather than just chopping, it's a little more work but not horrible:

def format_time():
    t = datetime.datetime.now()
    s = t.strftime('%Y-%m-%d %H:%M:%S.%f')
    head = s[:-7] # everything up to the '.'
    tail = s[-7:] # the '.' and the 6 digits after it
    f = float(tail)
    temp = "{:.03f}".format(f)  # for Python 2.x: temp = "%.3f" % f
    new_tail = temp[1:] # temp[0] is always '0'; get rid of it
    return head + new_tail

Obviously you can simplify the above with fewer variables; I just wanted it to be very easy to follow.

You will have to use %f

time.strptime('26/01/12 23:50:32.123', '%d/%m/%y %H:%M:%S.%f')

Use of datetime will be right

>>> from datetime import datetime
>>> a = datetime.strptime('26/01/12 23:50:32.123', '%d/%m/%y %H:%M:%S.%f')
>>> a.microsecond

This is the correct format:

datetime.strptime(date, '%Y-%m-%d %H:%M:%S.%f')

Breakdown:

• %H: Hour (24-hour clock) as a zero-padded decimal number.
• %M: Minute as a zero-padded decimal number.
• %S: Second as a zero-padded decimal number.
• %f: Microsecond as a decimal number, zero-padded on the left.

from datetime import datetime as dt
import time

def toYearFraction(date):
    def sinceEpoch(date): # returns seconds since epoch
        return time.mktime(date.timetuple())
    s = sinceEpoch

    year = date.year
    startOfThisYear = dt(year=year, month=1, day=1)
    startOfNextYear = dt(year=year+1, month=1, day=1)

    yearElapsed = s(date) - s(startOfThisYear)
    yearDuration = s(startOfNextYear) - s(startOfThisYear)
    fraction = yearElapsed/yearDuration

    return date.year + fraction

Demo:

>>> toYearFraction(dt.today())
2011.47447514

This method is probably accurate to within the second (or the hour if daylight savings or other strange regional things are in effect). It also works correctly during leapyears. If you need drastic resolution (such as due to changes in the Earth's rotation) you are better off querying a net service.

To get a date string with milliseconds, use [:-3] to trim the last three digits of %f (microseconds):

>>> from datetime import datetime
>>> datetime.utcnow().strftime('%Y-%m-%d %H:%M:%S.%f')[:-3]
'2022-09-24 10:18:32.926'

Or shorter:

>>> from datetime import datetime
>>> datetime.utcnow().strftime('%F %T.%f')[:-3]
'2022-09-24 10:18:32.926'

See the Python docs for more "%" format codes and the strftime(3) man page for the full list.