An income statement is one of the three major financial statements that businesses issue. Learn how it is used to track revenue, expenses, gains, and losses.

An income statement presents the results of a company’s operations for a given period—a quarter, a year, etc. The income statement presents a summary of the revenues, ...

Learn what an income statement is, its key components (revenue, expenses, profit), and why it's important for financial analysis.

Comparing income statements on an annual basis is one part of the trend analysis. However, simply noting, for example, that sales are higher by $1 million this year is insufficient when ...

An income statement shows income and expenses over a period of time, while a balance sheet shows assets and liabilities on a specific date, such as the beginning of a year.

The income statement, also called the profit-and-loss statement, is a more detailed presentation of earnings, which is crucial when trying to uncover potential bargain stocks. To describe where a ...

Get the detailed quarterly/annual income statement for Merck & Co., Inc. (MRK). Find out the revenue, expenses and profit or loss over the last fiscal year.

Income statements are meant to be read from the top to the bottom. This organization is designed to match the math used to calculate net income, the "bottom line." First, ...

Learn what net income means for businesses and individuals, how it's calculated, and why it's a crucial financial metric.