# Income Statement

*Professional & Ethics — Finicade finance glossary*

The report of a company's revenues, costs and resulting profit over a period. It answers 'did they make money?', where the balance sheet answers 'what do they own?'.

**Related terms:** [Balance Sheet](https://finicade.com/glossary/balance-sheet), [Financial Statements](https://finicade.com/glossary/financial-statements), [EPS (Earnings Per Share)](https://finicade.com/glossary/eps)

**Taught in:** Charter Climb — Statements & the Reporting System

Source: https://finicade.com/glossary/income-statement