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Definition of profit
(Entry 1 of 2)
profit
verbDefinition of profit (Entry 2 of 2)
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Other Words from profit
Noun
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adjective
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adverb
Synonyms for profit
Synonyms: Noun
earnings, gain, lucre, net, payoff, proceeds, return
Synonyms: Verb
advantage, avail, benefit, help, serve
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Examples of profit in a Sentence
Noun
The company made a profit this year. Profits are up from last year. There was a rise in profits this year. The profits from CD sales were donated to charity. The organization is not run for profit. The film made $1,000,000 in profit. The book can be read with profit by anyone who wants to understand how the system works.Verb
It would profit him to take some computer classes. The company has profited by selling its products online. He profited greatly from his investments. The island profits from tourism.
Recent Examples on the Web: Noun
This shift away from short-term funding makes businesses less vulnerable to refinancing after a sudden reduction in profits or credit availability. — Daan Struyven For Cnn Business Perspectives, CNN, "Corporate debt is rising, but it's safer than it looks," 10 June 2019 The Rossoneri need to balance the books with the Serie A side in the middle of an appeal against Financial Fair Play violations, needing to sell at a profit by June 30. — SI.com, "Transfer Rumours: Ake to Spurs, West Ham After Celta Vigo Duo, Longstaff Responds to Man Utd & More," 9 June 2019 Founded in 1998, ESPN The Magazine rarely turned a profit but provided ESPN with glossy prestige and a platform for prominent writers from Wright Thompson to Bill Simmons to Mina Kimes. — Alex Putterman, courant.com, "Journalism at ESPN: Sports network seeks to be about more than wins, losses and debate," 7 June 2019 If a contractor purchases and renovates the house, the re-sell could bring a profit. — Carina Julig, The Denver Post, "Meth-contaminated row home in Denver selling for $500,000," 7 June 2019 Skeptics warn that Beyond Meat's stock market value -- now at $5.7 billion -- is hard to justify given that the startup company lost nearly $30 million just last year on barely $10 million in revenue. and has yet to turn a profit. — Sarah Min, CBS News, "Beyond Meat stock price soars ever higher after first earnings report since smashing IPO," 6 June 2019 The average North Texas property flipper made a profit of $30,588 -- down from almost $39,000 a year ago. — Steve Brown, Dallas News, "Home flipping becoming less common and less profitable in Dallas-Fort Worth," 6 June 2019 As Bloomberg points out, Bumble is not expecting to turn a profit with its Soho restaurant, which might be the only rational assumption in this whole endeavor. — Amanda Shapiro, Bon Appétit, "A Place to Date," 6 June 2019 Strong words from the CEO of the largest health care company in the world, which made $17 billion in profits in 2018. — Flaviu Simihaian, Fortune, "Private Insurers Are Afraid of Medicare for All. They Should Be Excited," 5 June 2019Recent Examples on the Web: Verb
The rush to profit from cannabis in Santa Barbara started during a moratorium on new grows. — Joe Mozingo, latimes.com, "The world’s largest pot farms, and how Santa Barbara opened the door," 12 June 2019 Even as Roebuck struggled, those in charge of Reverse Mortgage Solutions continued to profit. — USA Today, "Seniors were sold a risk-free retirement with reverse mortgages. Now they face foreclosure.," 12 June 2019 People looking to profit from psychedelics, rather than ensure their accessibility, are getting into the space. — Madison Margolin, Quartz, "The next battle in the War on Drugs will be fought over psychedelics," 4 June 2019 Will the industry care much about the risk of addiction if companies profit from it? — German Lopez, Vox, "Why you shouldn’t dismiss the risk of marijuana addiction," 20 Aug. 2018 During his first two terms, a small but vocal group of city residents opposed Trevino, saying his highway contracting business was profiting from his public position. — Gordon Dickson, star-telegram, "Mayors for life? Why Tarrant County voters keep re-electing these folks | Fort Worth Star-Telegram," 27 Apr. 2018 Believe it or not, the Justice Department has more to do than investigate the Trump Administration—such as its crackdown on people seeking to profit by misusing a federal anti-fraud statute. — The Editorial Board, WSJ, "False Claims Falsehoods," 27 Dec. 2018 Jordan Ayew - Swansea are desperate for points and their top points scorer could profit from a double game week against Bournemouth on a losing streak and a direct relegation rival. — SI.com, "Premier League Fantasy Football: Who's Hot and Who's Not in Gameweek 37," 4 May 2018 Healey said the lawsuit makes clear the role that Purdue’s executives and directors played in creating and profiting from the opioid crisis. — Steve Leblanc, The Seattle Times, "Parents press Harvard to remove Sackler name from art museum," 12 Apr. 2019These example sentences are selected automatically from various online news sources to reflect current usage of the word 'profit.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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More Definitions for profit
profit
nounFinancial Definition of profit
What It Is
Profit is the positive gain remaining for a business after all costs and expenses have been deducted from total sales. Profit is also referred to as the bottom line, net profit or net earnings.
How It Works
The formula for profit is:
Total Sales - Total Expenses = Profit
Here is some information about Company XYZ for last year:
Using the formula and the information above, we can calculate that Company XYZ's profit was:
$2,000,000 - $1,000,000 - $50,000 - $95,000 = $855,000
Why It Matters
Profit is one of the most important measurements in determining the health and success of a business. However, the measurement of profit can vary and should be considered with other factors.
For example, profit varies greatly from company to company and from industry to industry. Because companies vary in size, it is often more appropriate to consider profit as a percentage of sales (profit margin) when comparing one company to another. As well, varying accounting methods can greatly influence profit, and these changes may have little to do with a company's actual operations.
Changes in profit are the subject of much analysis. In general, high or rising profits are indicative of a successful business while low profits could suggest a myriad of problems, including inadequacies in customer or expense management.
Source: Investing Answers
profit
noun
English Language Learners Definition of profit
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profit
verbEnglish Language Learners Definition of profit (Entry 2 of 2)
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profit
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Kids Definition of profit
(Entry 1 of 2)
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verbKids Definition of profit (Entry 2 of 2)
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