What is the result of subtracting operating expenses from gross profit?

Subtracting operating expenses from gross profit yields operating income, which measures the profit generated from a company's core business operations before any deductions for non-operating activities or taxes. Operating income reflects how effectively a company is running its day-to-day operations and provides insight into the operational efficiency, excluding any income or expenses not directly related to its primary business activities.

Net income, indicated in one of the choices, represents the final profit after all expenses, including operating, non-operating, interest, and taxes have been deducted from total revenue. While gross profit margin and net profit margin are important metrics related to profit margins, they do not represent the specific result of the subtraction in question. Gross profit margin is focused on gross profit relative to sales, while net profit margin relates to overall profitability after all expenses.