Net Income (Historical) Formula in Excel

Net Income (Historical) is a powerful Excel formula provided by MarketXLS that enables you to retrieve a company's net income for specific historical periods. This function helps investors and analysts make informed decisions by examining past performance over various time intervals.

By incorporating this formula into your spreadsheets, you can streamline financial modeling, perform historical trend analysis, and compare performance across different years, quarters, or trailing twelve months (TTM).

Understanding Net Income (Historical)

Net Income (Historical) serves as an essential tool in evaluating a company's profitability over a chosen historical period. Below are key benefits and use cases:

• Historical Analysis: Track a company’s earnings across specific years and quarters.
• Benchmarking: Compare net income figures from different timeframes or different companies.
• Financial Modeling: Incorporate historical income data into valuation and forecasting models.

Use Net Income (Historical) to quickly spot trends and shifts in profitability, helping you make data-driven decisions in your financial analysis.

Syntax and Parameters

Use the hf_Net_Income function in Excel with the following syntax:

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

Return Value:
• A numeric value representing the company’s net income for the specified period.
• If the function fails or the symbol/license is invalid, returns "NA".

?? Note: The function requires a valid MarketXLS subscription that includes historical fundamental data.

Examples and Usage

Below are some practical examples demonstrating how to use this formula:

1. Retrieve the net income for the year 2022:

   =hf_Net_Income("MSFT", "2022")

2. Retrieve the net income for the 2nd quarter of 2022:

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

3. Retrieve the trailing twelve months (TTM) net income ending in the 3rd quarter of 2022:

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

4. Retrieve the last quarter's net income automatically:

   =hf_Net_Income("MSFT", "lq")

5. Retrieve the last year minus one ("ly-1") net income:

   =hf_Net_Income("MSFT", "ly-1")

6. Passing year as date-like formats (though typically the function is used with year/quarter strings):

   • Using a cell reference (if A1 contains "MSFT"):

     =hf_Net_Income(A1, "2024")

   • Direct date-like string:

     =hf_Net_Income("MSFT", "2024-03-15")

   • Using TEXT() for date conversion from a cell (if A1 has a valid date):

     =hf_Net_Income("MSFT", TEXT(A1,"yyyy-mm-dd"))

? Pro Tip: Use cell references for Symbol or year in large spreadsheets to dynamically change your analysis without rewriting formulas.

Error Handling and Special Cases

• If Symbol is invalid or the license is not valid, the function returns "NA".
• If the data point does not exist for the specified period, the function returns "NA".
• Large or frequent calls to external data may impact performance. To optimize, consider batching your requests or using caching features in MarketXLS.

Common Questions

1. What if I specify a quarter that doesn't have data?
   The function will return "NA" if the specified quarter is not available.

2. Can I use this with indices or crypto symbols?
   Yes. For example:

   • Indices: =hf_Net_Income("^SPX", "2022", 2)
   • Crypto: =hf_Net_Income("BTCUSD:DEFAULT", "2022")

3. How does trailing twelve months (TTM) work?
   When TTM is specified, the function aggregates data over the previous twelve months ending in the specified quarter/year.

4. Any performance considerations?
   Repeated calls for multiple symbols or periods may result in significant data retrieval. Use MarketXLS caching whenever possible, or limit the number of function calls on recalculation.

5. Do I need special permissions or plans?
   Ensure your MarketXLS subscription includes historical fundamental data to use hf_Net_Income successfully.

?? Note: If you encounter persistent errors, contact MarketXLS support or review your subscription plan details.

• Other Related Functions:
  • Revenue (Historical)
  • Cost Of Revenue (Historical)
  • Gross Profit (Historical)
  • R & D Expenses (Historical)
  • Selling General and Administrative Expense (Historical)

By leveraging Net Income (Historical), you can maintain robust financial statements, track trends, and compare a company’s performance over different historical periods—all without leaving Excel.