What does YoY mean?

YOY is used to make comparisons between one time period and another that is one year earlier. This allows for an annualized comparison, say between third-quarter earnings this year vs. third-quarter earnings the year before.

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 is YoY & how does it work?

YOY also differs from the term sequential, which measures one quarter or month to the previous one and allows investors to see linear growth. For instance, the number of cell phones a tech company sold in the fourth quarter compared with the third quarter or the number of seats an airline filled in January compared with December.

What is YoY analysis?

Using YoY analysis, finance professionals can compare the performance of key financial metrics such as revenues, expenses, and profit. This helps analysts spot growth trends and patterns needed to make strategic business decisions.