Monthly revenue: how to read YoY and MoM growth

Listed and OTC companies publish the previous month’s revenue every month, which shows changes in performance earlier than quarterly reports.

Updated：2026-11-08

When it is published

Listed and OTC companies are required to announce the previous month’s consolidated revenue before the 10th of each month, which is much earlier than financial statements published once a quarter, and so it is a commonly watched dataset.

Three common comparisons

• Month-over-month (MoM) growth = (this month’s revenue − last month’s revenue) ÷ last month’s revenue × 100: compared with the previous month. It is easily affected by the number of days and seasonality.
• Year-over-year (YoY) growth = (this month’s revenue − same month last year’s revenue) ÷ same month last year’s revenue × 100: compared with the same month last year, which removes most seasonality and is the most commonly used comparison.
• Cumulative revenue YoY growth: this year’s cumulative revenue through this month compared with the cumulative revenue of the same period last year, which smooths out single-month swings.

Notes

• Revenue is “how much was sold”, not profit; revenue growth does not mean profit also grows, so read it together with operating margin and EPS.
• A single month’s revenue can be affected by the timing of recognition, large orders being booked and exchange rates, so the trend over several consecutive months is more meaningful than a single month.
• When the revenue of the same month last year was very low or zero, YoY growth is magnified or cannot be calculated.

Where to see it on this site

The Financials tab on a stock page has the “Monthly revenue table” (newest to oldest, with YoY and MoM growth); the “Growth screener” next to the Screener page can sort by monthly revenue YoY growth and quarterly growth.

This article only explains terms and how to calculate them. It is not investment advice.