You could try the following. Add to your functions.php
function admin_profile_menu()
{
remove_menu_page('profile.php');
add_menu_page(
"NEWLABEL",
"NEWLABEL",
"",
"profile.php",
"",
"dashicons-admin-users",
"40"
);
}
add_action('admin_menu', 'admin_profile_menu');