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Dictionary by pitch.dog
Revenue, costs & profit · Core

Net income

Also called: net profit, earnings

ELI5

Profit remaining after expenses, interest and tax under the applicable reporting framework.

Used in conversation

“Can we circulate net income with the assumptions and open questions marked?”

Pitch context

You will see “Net income” in financial models, budgets, board packs and investor materials when the discussion reaches revenue, costs & profit.

Why it matters: In revenue, costs & profit, different calculation boundaries, periods or accounting treatments can change the number and the decision.

Caution

Calculation, recognition and disclosure can vary by accounting framework, company policy and reporting context.

Connected terms

  • Gross profitGross profit subtracts defined cost of revenue; net profit includes the wider operating, financing, tax and other effects for the period.
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Sources & evidence · 4

Direct term-level sources and supporting source families.