serviceprofitmargin
nounUK /ˈsɜːvɪs ˈprɒfɪt ˈmɑːdʒɪn/
US /ˈsɜːrvɪs ˈprɑːfɪt ˈmɑːrdʒɪn/
The money a company keeps from selling services after paying the costs.
The hotel's service profit margin improved after it cut laundry costs.
RELATED WORDS
OTHER MEANINGS
2. The percentage of service revenue left as profit.
Analysts tracked the service profit margin across all three divisions.
3. The gap between what a service costs to deliver and what customers pay.
Consulting has a wider service profit margin than hardware support.
4. A measure of how efficiently a service business turns sales into earnings.
Managers used the service profit margin to compare branches.