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.

A profit and loss (P&L) statement is a type of financial report that summarizes your company’s revenue, expenses and net income or losses over a particular period of time.

The income statement, also known as the profit and loss statement, is an important tool as it calculates the profitability or loss of a business. Newsletters Games Share a News Tip Featured ...