What is defined as the total profit of a company after all expenses, taxes, and costs have been deducted?

The term that represents the total profit of a company after all expenses, taxes, and costs have been deducted is known as Net Income. This metric provides a clear picture of a company's profitability by considering all costs, including operational, non-operational, and tax expenses. It is essentially the "bottom line" of a company's income statement and is a critical figure for assessing overall financial performance.

Gross Profit, by contrast, refers specifically to the revenue remaining after deducting the direct costs associated with producing goods or services sold, but it does not account for operating expenses, taxes, or any other indirect costs. Revenue is the total income generated before any expenses are subtracted; it does not indicate profitability on its own. Operating Income reflects a company's profit from its core business operations, excluding expenses and revenues outside of regular operational activities, but does not factor in taxes.

Net Income is crucial for stakeholders, as it provides insight into how much money a company actually retains as profit, which can be reinvested in the business, paid out as dividends, or used for other purposes. Understanding this term is essential for evaluating the financial health and performance of a company.