"Revenue": 1. Accounting. The value of goods and services sold. Generally the first line in an income statement or profit and loss account and sometimes referred to as â€œthe top lineâ€. Some companies (or other reporting entities) with undiversified businesses use specialised terms for their revenue, for example â€œRental Incomeâ€. Used in this sense, the term means the same as Sales or Turnover. 2. Government. 'The Revenue': tax collecting department. 3. Economics. Revenue is produced by demand satisfied by supply, resulting in an equilibrium quantity and price being set by the market.