A profit and loss statement summarizes a company's revenues and expenses during a given time period. Learn why this is important for your portfolio.

Example of a Profit and Loss (P&L) Statement Some companies publish their P&L statements under that name. Others may use different terms to describe the same thing.

Learn how to use a profit and loss statement to understand your business better. Our free membership, ... you can identify patterns in your financial performance, compare them to industry trends, and ...

The profit and loss (P&L) statement is a financial statement that summarizes a company's revenues, costs, and expenses incurred during a specified period.

3. Knowing what your profit margin is. You can easily calculate the profit margin from your income statement, as the profit margin formula is (Total Revenue - Total Expenses) / Total Revenue.