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YoY growth (year over year)

A comparison of a result with the same period one year earlier.

FundamentalsBeginner

Definition

Comparing with the same quarter last year removes seasonal swings. The growth rate and whether it is accelerating or slowing are among the most-watched figures in earnings.

Formula

YoY growth = (this period - same period last year) / same period last year

Example

Hypothetical exampleRevenue of $120 million against $100 million a year earlier is 20% year-over-year growth.

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