An HR Glossary for HR Terms

Glossary of Human Resources Management and Employee Benefit Terms

P and L Statement

What Is a P and L Statement?

A P and L statement, also known as a profit and loss statement, is a financial report that summarizes revenue, costs, and expenses incurred over a fiscal quarter or year. This report is especially useful as it shows a business’s financial health and profitability.

To learn more about P and L statements, view our profit and loss statement glossary entry.