Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “income statement”

income statement

noun [C]    
FINANCE, ACCOUNTING a document that shows a company's profit or loss in a particular period of time: According to its income statement, the company's revenue decreased by 21.5% during the third quarter. → See also earnings report, profit-and-loss account
(Definition of income statement noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of income statement

Word of the Day


willing to give money, help, kindness, etc., especially more than is usual or expected

Word of the Day


Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More