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In accounting, revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers. Revenue is also referred to as sales or turnover. Some companies receive revenue from interest, royalties, or other fees.
Legal Definition of revenue. 1  1 : the total income produced by a given source a property expected to yield a large annual revenue. 2  2 : the gross income returned by an investment. 3  3 : the yield of sources of income (as taxes) that a political unit (as a nation or state) collects and receives into the treasury for public use.