Income Tax Expense (Historical) Formula in Excel

Understanding Income Tax Expense (Historical)

Income Tax Expense (Historical) is a powerful Excel formula provided by MarketXLS. It retrieves a company’s historical income tax expense data for a specified year or quarter. By integrating this function into your financial models, you can:

• Quickly track how much a company pays in taxes over different periods.
• Compare tax expenses across quarters or years.
• Analyze trends and better forecast future tax liabilities.

This formula is especially useful if you need to analyze corporate performance or perform fundamental analysis based on historical tax-related expenses.

Syntax and Parameters

Use the hf_Income_Tax_Expense function to retrieve historical income tax expense data for a given stock symbol and timeframe.

=hf_Income_Tax_Expense(Symbol, year, [quarter], [TTM])

Parameter Table

? Pro Tip: You can reference a cell containing the year or the symbol (e.g., =hf_Income_Tax_Expense(A1, B1)) to make your model dynamic.

?? Note: If your MarketXLS plan does not include historical fundamentals data, the function will return "NA".

Return Value

• Returns a numeric value of the company’s income tax expense for the specified period.
• Returns "NA" if data is unavailable or an error occurs.

Examples and Usage

1. Basic Yearly Lookup:
   › Retrieve Microsoft’s 2022 income tax expense:

   =hf_Income_Tax_Expense("MSFT", 2022)

2. Quarterly Lookup:
   › Retrieve Microsoft’s Q2 2022 income tax expense:

   =hf_Income_Tax_Expense("MSFT", "2022", "2")

3. Quarterly TTM Lookup:
   › Retrieve trailing twelve-month data as of Q3 2022:

   =hf_Income_Tax_Expense("MSFT", "2022", "3", "TTM")

4. Relative Periods:

   • Last Quarter (“lq”):

     =hf_Income_Tax_Expense("MSFT", "lq")

   • Last Quarter minus one (“lq-1”):

     =hf_Income_Tax_Expense("MSFT", "lq-1")

   • Last Year (“ly”):

     =hf_Income_Tax_Expense("MSFT", "ly")

   • Last 12 Months (“lt”):

     =hf_Income_Tax_Expense("MSFT", "lt")

? Pro Tip: You can also supply dates or reference date cells. For example:

1. =hf_Income_Tax_Expense(A1, B1)
2. =hf_Income_Tax_Expense("BTCUSD:DEFAULT","lq")
3. =hf_Income_Tax_Expense("MSFT", TEXT(A1,"yyyy"))

Common Questions

1. What if I don’t have Historic Fundamentals in my MarketXLS plan?
   › The function returns “NA.” You may need to upgrade your subscription.

2. Does this formula work for indices, options, or crypto?
   › Yes, you can pass symbols like "^SPX", "@MSFT 110122C00020000", or "BTCUSD:DEFAULT" where applicable data is available.

3. Can I reference a cell for the year parameter?
   › Absolutely! Using cell references helps automate your analysis.

4. How can I improve performance when pulling data for multiple symbols?
   › Batch your data calls or implement them in a structured way to reduce repetitive requests and optimize overall performance.

5. Why do I see “NA” for certain quarters or years?
   › The requested data may not be available or the quarter/year might be invalid. Ensure you’re using correct parameters and that the company has reported results for that period.