The Profit dashboard metrics explained

Here are the definitions for all the non-obvious metrics in the profit dashboard:

Metric Definition
Sales Total sales during the time period minus any discounts or refunds. Includes shipping charges. Note: this definition differs from Shopify's definition of gross sales.
Revenue Sales minus taxes.
Gross profit Revenue minus product costs, shipping cost, handling costs and transaction costs.
Net profit Gross profit minus marketing and any custom costs.
Shipping charged What customers paid for shipping in Shopify. Included in sales and revenue. 
Shipping costs What you paid for shipping based on your shipping cost settings in Lifetimely

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