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Buy nowHi @Giselle.
You're correct that the Profitability by Vendor would be a great option to see the revenue and profit made on items purchased. For us to boost your QuickBooks Online (QBO) experience, you can submit feedback about this report.
In the meantime, you can find relevant reports and generate them in QBO. Then Export them to Excel to manually generate a Profitability by Vendor report.
I also encourage visiting our QuickBooks Blog site to see amazing features and product enhancements in QBO.
Please let me know if you have other concerns with running specific reports in QuickBooks. I'll get back to you. Stay safe and healthy!