Is “Profits” a Scrabble word?

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Yes
PROFITS
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Valid

Meaning of Profits

/ˈpɹɒfɪts/

noun
  1. 1.Total income or cash flow minus expenditures. The money or other benefit a non-governmental organization or individual receives in exchange for products and services sold at an advertised price.

  2. 2.Benefit, positive result obtained.

    Reading such an enlightening book on the subject was of much profit to his studies.

  3. 3.In property law, a nonpossessory interest in land whereby a party is entitled to enter the land of another for the purpose of taking the soil or the substance of the soil (coal, oil, minerals, and in some jurisdictions timber and game).

Synonyms: gain

verb
  1. 1.To benefit (somebody), be of use to (somebody).

  2. 2.(construed with from) To benefit, gain.

  3. 3.(construed with from) To take advantage of, exploit, use.