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English definition of “profit”

profit

noun [C/U]  /ˈprɑf·ɪt/ us  
money that a business earns above what it costs to produce and sell goods and services: [U] Any profit made on the sale is taxable. [C] A lot of businesses are reaping huge profits. Profit can also mean benefit: [U] He could see little profit in arguing with them.

profit

verb [I/T]  /ˈprɑf·ɪt/ us  
earn money, or benefit: [I] It’s sickening that somebody would profit from her misfortune. [T] fml What will it profit us to make this bargain (= How will we benefit)?
(Definition of profit from the Cambridge Academic Content Dictionary © Cambridge University Press)
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