P&L / Income Statement
Also called P&L · PnL · Profit and Loss · Income Statement · Statement of Operations
A P&L / Income Statement is a financial report that summarizes a company's revenue, expenses, and net income or loss over a specific period. It is the most important of the financial statements as it contains Revenue and EBITDA, the two most common bidding bases.
Example
Why P&L / Income Statement matters in investment banking interviews
"Walk me through the income statement" is a guaranteed question. Practice saying it out loud from revenue down to net income, in order, without stumbling — fluency here buys you credibility for the harder questions that follow.