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 YoY analysis?

Analysts are able to deduce changes in the quantity or quality of certain business aspects with YoY analysis. In finance, investors usually compare the performance of financial instruments on a year-over-year basis to gauge whether or not an instrument is performing expected.