Pre-Tax Income EBT (Historical)

Returns earnings before taxes (EBT), also known as pre-tax income. This is net income before the deduction of income tax expense.

Formula

EBT = Revenue - Operating Expenses - Interest Expense (+ Interest Income) EBT = Net Income + Income Tax Expense

Notes

  • Shows profitability before tax effects
  • Useful for comparing companies with different tax rates
  • Also called "Income Before Taxes"
  • Key input for effective tax rate calculation

Syntax

=hf_Pre_Tax_Income_EBT(Symbol, Year, [Quarter], [TTM])
Excel Desktop (Windows)

Examples

=hf_Pre_Tax_Income_EBT("AAPL", 2023)
Annual data for 2023
=hf_Pre_Tax_Income_EBT("MSFT", 2023, 2)
Q2 2023 data
=hf_Pre_Tax_Income_EBT("GOOGL", "lq")
Last quarter
=hf_Pre_Tax_Income_EBT("TSLA", "ly")
Last year
=hf_Pre_Tax_Income_EBT(A1, B1, C1)
Cell references

When to Use

Pre-tax profitability analysis, tax-neutral comparisons, effective tax rate calculation

When NOT to Use

| Need EBIT | hf_Earning_Before_Interest_and_Taxes() | | Need net income | hf_Net_Income() |

Common Issues & FAQ

What year formats are accepted?

Use numeric years (2023) or period codes: lq (last quarter), ly (last year), lt (last twelve months), lq-1 (quarter before last).

Why am I getting "NA"?

The company may not report this metric, or data may not be available for the requested period.

What's the difference between quarterly and TTM?

Quarter shows one quarter's data. TTM (trailing twelve months) sums the last 4 quarters.

Excel Templates Using Pre-Tax Income EBT (Historical)

These ready-made MarketXLS templates call hf_Pre_Tax_Income_EBT() in their worksheet formulas. Open one to see the function working inside a complete model.

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MarketXLS Excel Add-in Tutorial - How to Use Pre-Tax Income EBT (Historical) and Other Financial Formulas
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