Usually means: Revenue minus operating expenses, pre-tax.
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We found 12 dictionaries that define the word operating income:

General (5 matching dictionaries)
  1. operating income: Longman Dictionary of Contemporary English
  2. operating income: Infoplease Dictionary
  3. operating income: Dictionary.com
  4. Operating Income, Operating income: Wikipedia, the Free Encyclopedia
  5. operating income: Wiktionary

Business (7 matching dictionaries)
  1. INVESTORWORDS (No longer online)
  2. OPERATING INCOME: Accounting Glossary
  3. Operating Income: Investopedia
  4. Operating income: Energy Dictionary
  5. operating income: Financial dictionary
  6. Accounting, Business Studies and Economics Dictionary (No longer online)
  7. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (operating income)

noun:  (business, accounting) Income from doing business (as opposed to unearned income such as interest) with operating expenses subtracted, but before taxes have been subtracted.

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