Define: Gross Profit

UK Accounting Glossary

Definition: Gross Profit

Quick Summary of Gross Profit

Sales minus cost of sales before deducting administration and selling expenses (see also gross margin).

What is the dictionary definition of Gross Profit?

Dictionary Definition

Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit appears on a company’s income statement and is calculated by subtracting the cost of goods sold (COGS) from revenue (sales).


Full Definition of Gross Profit


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Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Gross Profit. Payroll & Accounting Heaven Ltd. November 16, 2019
Chicago Manual of Style (CMS):
Gross Profit. Payroll & Accounting Heaven Ltd. (accessed: November 16, 2019).
American Psychological Association (APA):
Gross Profit. Retrieved November 16, 2019, from website:

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This glossary post was last updated: 23rd December 2018.