Net Income

Date created: Feb 10, 2019  •   Last updated: Dec 4, 2020

What is Net Income?

Net Income is an accounting term that refers to the total revenue minus the total expenses for any given period. Net Income is one of the best ways to determine a business' profitability and is often referred to as the bottom line. For Net Income, expenses to be deducted include Cost of Goods Sold (COGS), all operating expenses, and tax and interest costs.

Alternate names: Net Earnings, Net Profit

Formula

ƒ (Revenue - COGS - Operating Expenses - Taxes - Interest Expenses)

Net Income

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