Extensible Business Reporting Language

Extensible Business Reporting Language (XBRL) is a digital format for sharing financial and business data in a standardized, machine-readable way. It uses tags to label specific financial elements—like revenue, expenses, or assets—making information clearer, more accurate, and easier to compare across reports and organizations. XBRL streamlines reporting processes, improves transparency, and enhances data analysis by allowing computers to automatically extract and interpret financial information, reducing errors and saving time in financial communication and regulatory filings.