Definitions for net income
net in·come

Princeton's WordNetRate this definition:0.0 / 0 votes

1. net income, net, net profit, lucre, profit, profits, earningsnoun

   the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)

WiktionaryRate this definition:0.0 / 0 votes

1. net incomenoun

   Gross profit minus operating expenses and taxes.

ChatGPTRate this definition:0.0 / 0 votes

1. net income

   Net income, also known as net profit or net earnings, is a measure of the profitability of a business. It is calculated by subtracting all business expenses, including operating costs, taxes, interest expenses, and other deductions, from total revenue. If the net income is positive, the company has made a profit for the financial period; if it's negative, the company has incurred a loss. This figure is typically reported on a company's income statement or profit and loss statement.

WikidataRate this definition:0.0 / 0 votes

1. Net income

   In business, net income - also referred to as the bottom line, net profit, or net earnings - is an entity's income minus expenses for an accounting period. It is computed as the residual of all revenues and gains over all expenses and losses for the period, and has also been defined as the net increase in stockholder's equity that results from a company's operations. In the context of the presentation of financial statements, the IFRS Foundation defines net income as synonymous with profit and loss. Net income is a distinct accounting concept from profit. Profit is a term that "means different things to different people", and different line items in a financial statement may carry the term "profit", such as gross profit and profit before tax. In contrast, net income is a precisely defined term in accounting.

Matched Categories

1. • Income

Anagrams for net income »

1. nonemetic

How to pronounce net income?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

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   Veena

   Indian

   Priya

   Indian

   Neerja

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   Zira

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   Oliver

   British

   Wendy

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   Fred

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   Tessa

   South African

How to say net income in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of net income in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of net income in Pythagorean Numerology is: 8

Examples of net income in a Sentence

1. Stephen Winyard:

   To fork out 100,000 pounds out of my net income, having paid the higher rate of tax, would be difficult, it's probably more affordable if it's done through the company.

2. Chief Executive Michael Corbat:

   These results demonstrate our ability to generate solid earnings in a challenging and volatile environment, nearly all of our net income came from our core businesses and we continued to reduce non-core assets in Citi Holdings.

3. Edwin Sabuhoro:

   I started a tour company called Rwanda Eco Tours, and I said for tourism to thrive in the country we need eco-tourism where tourists can give back to the community and then the communities will have an incentive to conserve the park. So we built a cultural village in 2006 -- before we finished, we had tourists visiting us. in 2010, we got $30,000 net income from the cultural village and put this back to different activities in the village level.

4. Chief Executive Officer Patrick Pouyanne:

   Total captured the benefit of this rebound, and adjusted net income rose to $2.2 billion in the second quarter 2016 (versus the first quarter), an increase of 33 percent compared to the first quarter.

5. Errol Flynn:

   My problem lies in reconciling my gross habits with my net income.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=net income
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Net_Income
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=net income