accounting
net income
The total profit remaining after all expenses, taxes, and deductions have been subtracted from revenue.
Example
"The company's net income was $5 million after paying taxes and all operating expenses."
💡 Memory Tip
A NET catches what's left. Net income = what's left in the net after all deductions.
Etymology
Net (remaining after deductions) + income — what's left after everything is deducted.
Common Misspellings
net incomnet incmenett incomenet icome