Listed

Revenue

What a company earned from customers in a period for its goods and services, before any costs are taken off.

Updated Oct 17, 2026

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Contents, 3 sections
  1. How Listed shows it
  2. What to check
  3. When it says "not reported"

Revenue is what a company earned from its customers in a period for the goods and services it provides, before any costs are taken off. Filings also call it sales, net sales or total revenues. It is the first line of the income statement.

How Listed shows it

Revenue is shown exactly as the company reported it in the XBRL data of its 10-Q or 10-K, for the period the company tagged. Listed does not adjust it.

  • Quarterly figures come from 10-Qs, annual figures from 10-Ks.
  • The fourth quarter has no 10-Q, so Q4 revenue is derived: Q4 = fiscal year − Q1 − Q2 − Q3. See TTM.
  • The usual XBRL concepts are Revenues and RevenueFromContractWithCustomerExcludingAssessedTax. Foreign companies that report under IFRS use Revenue.

What to check

  • When it is recognized. Under US accounting rules, revenue is recorded when the company delivers what it promised, not when cash arrives. The revenue note in the financial statements explains the timing.
  • Gross or net. A company that acts as an agent (a marketplace, for example) may report only its fee as revenue, while a company that acts as principal reports the full amount. Two similar businesses can show very different revenue for this reason alone.
  • Segments. The segment note breaks revenue down by business line or region. The total hides how the parts are moving.

When it says "not reported"

  • The company tags revenue with a concept of its own that is not a standard one.
  • The company does not present a single revenue line. Banks and insurers often report interest income and premiums instead.
  • The period is older than the company's XBRL history, which starts in 2009 for the largest companies and 2011 for most others.

See not reported for the full list of reasons.

All terms

Related terms

  • Cost of revenueThe direct costs of producing the goods and services a company sold in a period.
  • Gross profitRevenue less cost of revenue, as the company reports it: what is left from sales before operating expenses.
  • TTMThe sum of the last four reported quarters, with the fourth quarter derived from the annual figure.
  • Year-over-year growthThe change from the same period a year earlier, divided by the size of that earlier figure.
  • Not reportedWhat Listed shows when a filing does not support a figure, and the usual reasons why.

Guides that use it

No guide links to this term yet.