Meaning of the word profits in English

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

profits

US /ˈprɑː.fɪts/
UK /ˈprɒf.ɪts/

Plural Noun

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

Example:
The company reported record profits this quarter.
They aim to maximize profits for their shareholders.