Income Statement Example. For a real-world example, ... The Revenue section shows that Microsoft’s gross margin, also known as gross (annual) profit, for the fiscal year ending June 30, 2023, ...

Learn what an income statement is, its key components (revenue, expenses, profit), and why it's important for financial analysis.

For example, your annual income statement might show "Year ended December 31, 2015." Your quarterly income statement might display "Three months ended March 31, 2015." Advertisement.

An example of Bank of America's income statement is shown below with the following highlights: Total interest earned was $57.5 billion for the bank from loans, all investments, and cash positions.

For the next seven years, the company will recognize an annual depreciation expense of $1,500 on the income statement. At the same time, the book value of the equipment will reduce on the balance ...

A small business income statement helps the business see whether it’s operating at a profit or a loss You can use a single-step or multi-step income statement formula, with single-step formulas ...