Wiktionary
n. gross profit minus operating expenses and taxes.
WordNet
Wikipedia
In business, net income (total comprehensive income, net earnings, net profit, informally, bottom line) is an entity's income minus cost of goods sold, expenses and taxes for an accounting period. It is computed as the residual of all revenues and gains over all expenses and losses for the period, and has also been defined as the net increase in shareholders' equity that results from a company's operations. In the context of the presentation of financial statements, the IFRS Foundation defines net income as synonymous with profit and loss.
Net income is a distinct accounting concept from profit. Net income can also be calculated by adding a company's operating income to non-operating income and then subtracting off taxes.
Usage examples of "net income".
Every year, their gross sales and net income were significantly higher than ever before.
That's six million in net income, Manny, six million that isn't going into your virtual children's mouths.
The net income would be substantial, I'd think, but Eve, the cost, the risk?
It may also be used to prevent too great a difference in the net income of individuals.
Once all his previous renters found jobs and he filled the open rentals, he finally had net income rather than losses.
If you file for divorce against my wishes, I'll come back like a starving polecat and end up with alimony equal to half your net income.
It emerged quite clearly that my net income over the past two years was less than I could have earned driving a delivery van, and that my future prospects were not demonstrably much better.