# Net income

> Net income — Revenues and gains less expenses and losses, including income tax, for the period — the bottom line of the P&L, before any allocation to non-controlling interests.

Source: https://lopifi.com/glossary/net-income
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is net income?** In accounting, net income means revenues and gains less expenses and losses, including income tax, for the period — the bottom line of the P&L, before any allocation to non-controlling interests.

## Words this system refuses for it

- profit in a statement
- earnings unqualified

- **Category:** Foundations
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Rendered by:** [non-gaap-reconciliation](https://lopifi.com/md/components/non-gaap-reconciliation), [profit-and-loss](https://lopifi.com/md/components/profit-and-loss), [statement-table](https://lopifi.com/md/components/statement-table), [waterfall-chart](https://lopifi.com/md/components/waterfall-chart)
- **Related:** period