what is the difference between income,profit , revenue?

Answer 1

There are many different types of income-net income, comprehensive income, etc... Gross income is basically revenues and gains minus expenses and losses. Net income is gross income minus taxes. Comprehensive income includes non-monetary things, such as increases/decreases in market values of assets. These things are added or subtracted from net income.

Profit is directly related to products and services. For example, sales minus cost of goods sold (what the business paid)= profit.
Revenue can be sales revenue, revenue collected from interest on investments, etc... It is actual money earned.

Of course, it's a lot more complicated than this, but I don't know how in-depth of an answer your looking for.

Answer 2

Difference Between Revenue And Profit

Answer 3

Income Vs Revenue

Answer 4

One of the most important factors analysts use to determine the expected future stock price is the growth rate of a company. Growth rate calculations are especially important for start up companies which currently have very little net income and expected to have much higher future returns. This is the main reason why startups trade at very high or no P/E. Off course calculating a companies expected future revenue growth has various challenges such as estimating the demand and competitive environment of the company and thereby making an estimation based on conclusions arrived. We use revenue growth instead of net income growth for the simple reason that net income can increase by cost cutting, which is limiting (one can only cut costs up to the point that it become zero), but revenue can rise in an unlimited amount.

Answer 5

income = Money you make (with or without taking out expenses)
profit = Money earned after subtraction of expenses.
revenue = The total amount of money received by the company for goods sold or services provided during a certain time period. It also includes all net sales, exchange of assets; interest and any other increase in owner’s equity and is calculated before any expenses are subtracted. Net income can be calculated by subtracting expenses from revenue.

Therefore, income and revenue are similar, but income is normally used by an individual and revenue is used by the company. Profit is normally used by a business not matter how great or small. Even a one-man lemonade stand can calculate its profits for the day/week/month/year.

Answer 6

Revenue - Expenses = Profit
Expenses + Profit = Revenue
Revenue - Profit = Expenses

Answer 7

Revenue: money coming in
Profit: how much you end up with
Net Income: Same as profit
unless you mean Gross Profit: Revenue minus the cost of the items directly related to the sale of those items (like you sell a can of soup for $1 and it cost .75 to purchase from wholesaler, your gross profit would be .25)

Answer 8

revenue is the value of goods and services supplied to a customer.
more specifically, revenue is the gross inflow of assets or gross decrease of liabilities that results from a firm s activities, that can change owners equity.

expenses: cost of earning revenues is called expenses.
more specifically, expenses represents a gross decrease in assets or gross increase in the liabilities.

if revenues are more than expenses we get profit, else loss

Answer 9

INCOME = REVENUE - EXPENSES
Income is also called Net Profit (when you remove taxes in your expenses)

Answer 10

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