What is the difference between net income and net revenue?

Answer 1

Revenue:

Is the amount you earn by selling your product or services.

Net Income:

Is the amount that remains from your revenue after deducting all costs which you have incurred for making that product or providing services.

Example:

For example, if you go and give tuition to somebody and that person gives you $100 then this is your revenue. But you have to pay taxi fare of $10 to reach the tuition center then this taxi fare is your cost, and you will deduct this cost from your revenue to reach to net income of $90.

Net Profit = Revenue - Cost

$90 = $100 - $10

Hope this helps!

Answer 2

While net income and net revenue are sometimes used interchangeably net revenue refers to operational revenue (e.g., sales less returns less cost of goods sold less marketing expense, less other overheads, etc.) whereas net income refers to all income and expense components (e.g., interest income, one-time-only events, etc.).