Gross Income

Gross Income refers to a company's total revenue generated from its primary business activities before deducting operational costs, taxes, interest, and other expenses. It includes:

• Sales revenue

• Service fees

• Rental or royalty income

For individuals, it represents total earnings before taxes and deductions, including salaries, business income, investment returns, and other sources.

In corporate financial analysis, gross income is a preliminary profitability indicator, but should not be conflated with gross profit, which accounts for the cost of goods sold (COGS).