what is net profit
Net profit, or net income, is a company&#039;s total earnings after subtracting all its expenses from its total sales and other income for a specific period of time. Typically, net profit is measured on a quarterly or annual basis. When compared with a company&#039;s net profit during other periods, it can provide a useful measure for how profitable a company is over time and the overall performance of the company&#039;s management team.