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Business English vocabulary · Numbers and Money

Year on year

Meaning in business english, with examples

phraseCommon term

In business english, year on year means: Compared with the same period one year earlier; often shortened to YoY in reports and slides.

In Turkish: yıllık bazda, geçen yılın aynı dönemine göre, yıldan yıla

How it is used

Used to show growth without the effect of seasons: 'Sales rose 8% year on year', 'year-on-year growth' (with hyphens before a noun). American English often says 'year over year'.

Example sentences

  1. Online revenue grew 15% year on year in the third quarter.

  2. Year-on-year, our energy costs are down by almost a fifth.

Common collocations

  • year-on-year growth
  • up 5% year on year
  • year-on-year comparison
  • YoY change
  • quarterOne of the four three-month periods into which a company divides its financial year, often written Q1, Q2, Q3 and Q4.
  • revenueThe total amount of money a company receives from selling its goods or services in a period, before any costs are taken away.
  • trendThe general direction in which something is changing or developing over time, such as sales, prices or customer behaviour.
  • figuresNumbers that show amounts, results or statistics, especially official numbers about sales, costs or performance.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Numbers and Money

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