P&L

Definitions

1. Short for profit and loss statement, the financial report showing revenue, costs, and profit over a period. Teams also use 'owning the P&L' to mean being accountable for the economics of a business unit.

   In plain English: A shorthand for the profit and loss statement.

   Example: "The new GM took over the product line's P&L before the reorganization."

Related Terms

• Cost of Goods Sold
• Cost of Revenue
• G&A
• Gross Revenue
• Calendar Year
• Operating Expense
• OpEx
• PnL
• Pro Forma
• Top Line