net income

noun

1. the excess of revenues and gains of a business over expenses and losses during a given period of time.

Word History and Origins

Origin of net income¹

First recorded in 1760–70

Example Sentences

For the three months ended Aug. 31, Levi Strauss posted net income of $218.1 million, or 55 cents a share, up from $20.7 million, or 5 cents, a year earlier.

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Tesla announced its first quarter financial results Tuesday, including a 71% drop in net income and 13% drop in vehicle deliveries.

Read more on Los Angeles Times

Tesla shared that its auto revenue had dropped by 20% in the first quarter and its net income dropped by 71% compared to this point a year ago.

Read more on Salon

Amazon, which employs around 1 million hourly workers and reported $39 billion in net income for the first nine months of this year, insists that operations will continue as normal.

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In California, state data show that some credit unions generate more than half their net income from overdraft fees.

Read more on Los Angeles Times