What is YoY & how does it work?

Enroll now for FREE to start advancing your career! YoY stands for Year over Year and is a type of financial analysis used for comparing time series data. It is useful for measuring growth and detecting trends.

What is YoY (year-over-year)?

YOY (year-over-year) is a way to compare the financial statistics of a certain period to those from the same period of the year before. Most of the time, companies calculate YOY on a quarterly or monthly basis. It helps them see whether their business had positive, stagnant, or negative growth during that time.

What does YoY stand for?

YoY stands for year-over-year, which is a way of measuring how a number has changed compared to the same period a year earlier.

What is the difference between YTD and Yoy?

Year-to-date (YTD) looks at a change relative to the beginning of the year (usually Jan. 1). YTD can provide a running total, while YOY can provide a point of comparison. What If I Am Interested in Comparisons for Less Than a Year?