Net Income
Net income is a company's profit after all expenses, taxes, and interest are deducted from revenue. It is often called the bottom line on the income statement.
Net income flows into retained earnings on the balance sheet. It is also used to calculate metrics like earnings per share (EPS).
Related Terms
Income Statement
An income statement is a financial statement that summarizes revenue, expenses, and profit over a sp...
Gross Margin
Gross margin is the percentage of revenue remaining after subtracting the cost of goods sold. It mea...
Balance Sheet
A balance sheet is a financial statement that reports a company's assets, liabilities, and sharehold...
Cash Flow Statement
A cash flow statement reports cash inflows and outflows from operating, investing, and financing act...
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