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net income
noun
the excess of revenues and gains of a business over expenses and losses during a given period of time.
51Թ History and Origins
Origin of net income1
Example Sentences
Tesla announced its first quarter financial results Tuesday, including a 71% drop in net income and 13% drop in vehicle deliveries.
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.
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.
In California, state data show that some credit unions generate more than half their net income from overdraft fees.
The study notes that there “continues to be wide variation in financial performance among hospitals, with the bottom quartile showing a net income margin of -5%, compared to +13% for the top quartile.”
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