There's a way how you can get the report you need, antchalas1017.
Let's try to pull up the Profit and Loss % of Total Income report. Change the period to last year, click on Run report and click export to Excel. Change the period on the same report and export it to Excel. You can merge them from there so you can have the comparison with percentage of income for both periods.
For now, we don't a specific report that shows this type of comparison in QuickBooks Online. However, we can send this as a product suggestion. Please click on the Gear icon and select Feedback.
If you have any questions, please let us know. Thanks!