Meaning of the word profit in English

What does profit mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

profit

US /ˈprɑː.fɪt/
UK /ˈprɑː.fɪt/
"profit" picture

Noun

1.

a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something

Example:
The company reported a significant profit this quarter.
They aim to maximize profit for their shareholders.
2.

advantage or benefit obtained from something

Example:
There's no profit in arguing with him.
She gained much profit from her experience abroad.

Verb

1.

obtain a financial gain

Example:
The company hopes to profit from the new market.
He managed to profit from the stock market fluctuations.
2.

be of advantage or benefit to

Example:
This new policy will profit everyone involved.
His advice did not profit me at all.
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