The term Year-over-Year (YOY), also known as “year-on-year”, is a financial comparison that’s often used to compare two or more events, on an annualized base.
![Year-Over-Year (Yoy): Definition, Formula &Amp; How It'S Used In Finance 1 Year-Over-Year (YOY): Definition, Formula & How It’s Used in Finance](https://beinginstructor.com/wp-content/uploads/2024/04/Black-and-Green-Simple-Business-Youtube-Thumbnail-750x350.webp)
The term Year-over-Year (YOY), also known as “year-on-year”, is a financial comparison that’s often used to compare two or more events, on an annualized base.