Free Income Statement Generator

How to create an income statement

An income statement summarizes revenue, costs, and profit over a period. This generator totals your entries into gross profit, operating income, and net income.

How to use this tool

Enter the business and reporting period, then add revenue, cost of goods sold, operating expenses, nonoperating income, and nonoperating expenses. Gross profit = revenue − COGS; operating income subtracts operating expenses; net income adds nonoperating income and subtracts nonoperating expenses.

Example

$100,000 revenue minus $40,000 COGS gives $60,000 gross profit. Subtracting $30,000 operating expenses and $5,000 other expenses gives $25,000 net income if there is no other income.

Understanding your result

Use consistent accounting periods and avoid entering the same expense twice. Include all relevant expenses in the appropriate categories. The tool calculates entered amounts; it does not reconcile bank accounts or infer missing tax and interest entries.

Further reading: SEC introduction to financial statements.