Gross Profits
/ˈɡroʊs ˈprɑːfɪts/
Definitions
- (n.) Total revenue minus the cost of goods sold, before deducting operating expenses, taxes, and interest, used to assess basic profitability.
The company's gross profits increased significantly last quarter, indicating strong sales performance.
Forms
- gross profit
Related terms
See also
Commentary
Gross profits provide a preliminary measure of profitability, essential for financial and legal analysis of contracts and corporate disclosures.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.