Definition of "net income" []

• Gross profit minus operating expenses and taxes. (noun)

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• "The thirty nonadopting coffee farmers (who did not use the new coffee varieties) raised their net income from 4,500 pesos to 12,000 pesos, an increase of only half as much (7,500 pesos, or 166 percent)."
• "That, and the fact that his wife had just purchased a new Mercedes turbo-diesel wagon that cost the annual net income of the Beer Bar Ranch."
• "And although Bio-Med was profitable, its annual net income was only two million."