Net Income
/ˈnɛt ˈɪnkʌm/
Definitions
- (n.) The total profit of a company after all expenses, taxes, and costs have been deducted from total revenue.
The company's net income increased significantly this fiscal year due to higher sales.
Related terms
See also
Commentary
Net income is a key indicator of financial health and is often used in legal contexts relating to taxation, corporate finance, and contractual profit-sharing calculations.
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.