profit and loss


: a summary account used at the end of an accounting period to collect the balances of the nominal accounts so that the net profit or loss may be shown

Examples of profit and loss in a Sentence

Recent Examples on the Web And Loss Statements: Start by closely analyzing the business’s profit and loss statements. Richard Gusmano, Forbes, 12 Feb. 2024 For mid-level company workers, issues include less access to sponsorship and profit and loss duties, which are vital for promotions. Sunny Nagpaul, Fortune, 9 Feb. 2024 While retailers can feel good about their profit and loss statements, our collective balance sheet isn’t looking so good. Phillip Molnar, San Diego Union-Tribune, 8 Dec. 2023 For business owners, a mini tax return involves gathering financial documents, calculating your income and deductions, and preparing your balance sheets and profit and loss statements to get a clear idea of where your business stands. Karla Dennis, Forbes, 28 Nov. 2023 There may be different parts of the interview process, such as being asked to write an investment memo, or perform some kind of data analysis assignment, where you are presented with a fictional company and its balance sheet as well as profit and loss statements, and asked to analyze it. Fortune, 27 Feb. 2023 In one-on-one discussions, the senior executive coached Monica on everything from the intricacies of profit and loss statements to the importance of deepening her professional network. Brian Doubles, Fortune, 26 Apr. 2023 Around that time, a change in local regulations, Netflix had been forced to disclose its profit and loss figures in Korea. Variety, NBC News, 25 Apr. 2023 To avoid these types of setbacks, businesses should redefine their primary metric of success, moving away from simple profit and loss. Jon Stojan, USA TODAY, 18 Aug. 2023 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'profit and loss.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1553, in the meaning defined above

Time Traveler
The first known use of profit and loss was in 1553

Dictionary Entries Near profit and loss

Cite this Entry

“Profit and loss.” Dictionary, Merriam-Webster, Accessed 21 Feb. 2024.

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!