Net Income
The profit earned by a company after all expenses and taxes have been deducted from revenue . A simple way to think about net income is it’s the price of a widget multiplied by the number of widgets sold (this result is revenue ) minus the cost to make and sell the widgets, other expenses and any interest or taxes.
Concept at a glance
Definition and explanation
The profit earned by a company after all expenses and taxes have been deducted from revenue . A simple way to think about net income is it’s the price of a widget multiplied by the number of widgets sold (this result is revenue ) minus the cost to make and sell the widgets, other expenses and any interest or taxes. [1]
Source-supported connections
Frequently asked questions
What does Net Income mean in the cited reference?
The profit earned by a company after all expenses and taxes have been deducted from revenue . A simple way to think about net income is it’s the price of a widget multiplied by the number of widgets sold (this result is revenue ) minus the cost to make and sell the widgets, other expenses and any interest or taxes. [1]
Net Income connection map
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Sources and review dates
Reviewed 23 October 2026. Historical dates and award-time affiliations retain their original context. A review date is not an event date. Background sources are identified separately from official records.