See how we rate investing products to write unbiased product reviews. An income statement is one of three major financial statements used to evaluate the health of a company, along with the ...

The income statement is a financial document that demonstrates the financial performance of a business based on its income and how this has changed over a period of time, usually 12 months.

Also referred to as a profit and loss statement. By combining these elements, the income statement illustrates just how much income your company makes or loses during the year by subtracting cost ...