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Home » Encyclopedia Terms » Y » YoY or Year Over Year Definition

YoY or Year Over Year Definition

Year-over-year growth compares a company’s recent financial performance with its numbers for the same month one year earlier. This is considered more informative than a month-to-month comparison, which often reflects seasonal trends.

Common YOY comparisons include annual and quarterly as well as monthly performance.

Use It In a Sentence: The company’s sales increased by 10% YoY, demonstrating steady growth compared to the previous year.

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