Net Banking Income Vs Revenue
Just as revenue is the top line net income is the bottom line or the bottom figure on a company s income statement.
Net banking income vs revenue. Here s the breakdown of net revenue by line of business. So while revenue shows the total amount of money coming in income shows the total amount coming in and out. Aapl posted a top line revenue. For a business income refers to net profit i e.
Income example apple inc. Many people mistake income and revenue as the same thing. Your management department may make decisions on whether to continue selling a product based on the gross margin of the good. When we deduct the costs of goods sold from the net revenue we get the gross profit here the gross profit is 100 000 30 000 70 000.
However there are many small differences between the two financial concepts. 17b wealth and investment management. 2018 91 billion. 2019 91 billion.
Revenue can be classified as gross revenue or gross sales and net revenue or net sales. 2019 27 billion. Let s quickly dive deeper into these two terms before we get started. Both income and revenue are financial and business terms.
Revenue vs net income in this the total value of gross sales can be calculated by multiplying the total number of items that the company is able to sell during a particular period with the selling price quoted per item. What remains after expenses and taxes are subtracted from revenue revenue is the total amount of money the business receives from its customers for its products and services. This guide provides an overview of the main differences between revenue vs income. From the gross profit we will deduct the operating expenses and we will get the operating profit.
Income can sometimes be used to mean revenue or net income. 2018 28 billion. Their meanings closely resemble each other because they are often used in the same context. Bank of america revenue and income.
Revenue is the sales amount a company earns from providing services or selling products the top line. For individuals however income generally refers to the total wages salaries tips rents interest or dividend received for a specific time period. Net interest income is a financial performance measure that reflects the difference between the revenue generated from a bank s interest bearing assets and expenses associated with paying on its. Although net revenue and gross margin are useful internal figures external parties care most about net income.