Business

What Is a Profit and Loss Statement? How to Write a P&L Statement

Written by the MasterClass staff

Last updated: Feb 25, 2022 • 7 min read

A profit and loss statement is a document comparing a company’s total revenue to its costs of doing business to yield its net profitability, over a specific period of time. Learn more about what a profit and loss statement is, what figures it includes, and how to write one.