Used to express significant improvements or progress in a positive aspect. Since starting the new training program, the athletes' performance has increased by leaps and bounds.
Pro Tip 2/3
Metaphorical Use
It's a metaphor suggesting giant, vigorous leaps, rather than literal jumping. The technology in smartphones is advancing by leaps and bounds yearly.
Pro Tip 3/3
Informal Expression
Common in casual conversation or informal writing, but not formal documents. Their small business has grown by leaps and bounds this quarter.