What term is used to describe the financial gain obtained by a business after expenses are deducted from revenue?

The term that describes the financial gain obtained by a business after expenses are deducted from revenue is "profit." Profit reflects the actual earnings a company retains once all costs associated with running the business, including operating expenses, taxes, and costs of goods sold, have been subtracted from total revenue. This concept is central to understanding a company's financial health and performance.

Net income is another term that can refer to the same concept as profit, particularly in formal financial statements, but it may not always be the preferred term in casual discussions. Revenue represents the total income generated from sales before any deductions, while margin generally refers to the difference between sales and the cost of goods sold, expressed as a percentage, which is not the same as overall profit calculation. Thus, while profit and net income can be interchangeable in certain contexts, the fundamental term that encompasses the concept of earnings after expenses is profit.