- 1a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something
- 2advantage; benefit
Using profit: Examples
Take a moment to familiarize yourself with how "profit" can be used in various situations through the following examples!
The company made a profit of $1 million this year.
I hope to turn a profit with my new business venture.
The sale of the house resulted in a profit for the owner.
The charity event raised a significant profit for the cause.
profit Synonyms and Antonyms
Idioms Using profit
a situation where there is neither a profit nor a loss, indicating that the expenses are equal to the revenue
The business had a no profit, no loss year, with revenue equaling expenses.
The company was finally able to turn a profit after several years of losses.
to consider the potential consequences or benefits of an action before taking it
Before investing in the stock market, it's important to count the cost and weigh the potential profit against the risks involved.
Phrases with profit
The business was able to make a profit in its first year.
The company's profit margin has been steadily increasing over the past few years.
an organization that uses its surplus revenues to achieve its goals rather than distributing them as profit or dividends
The charity is a non-profit organization that helps provide education to underprivileged children.
Origins of profit
from Old French 'porfit', from Latin 'proficere', meaning 'to make progress, be useful'
Summary: profit in Brief
The term 'profit' [ˈprɒfɪt] refers to the financial gain resulting from the difference between the amount earned and the amount spent in buying, operating, or producing something. It can also denote advantage or benefit. Examples include 'The company made a profit of $1 million this year.' and 'The charity event raised a significant profit for the cause.' Phrases like 'make a profit' and 'profit margin' are common, as well as idioms like 'no profit, no loss,' indicating equal expenses and revenue.