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

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

Q: What year formats are accepted? A: Use numeric years (2023) or period codes: lq (last quarter), ly (last year), lt (last twelve months), lq-1 (quarter before last).

Q: Why am I getting "NA"? A: The company may not report this metric, or data may not be available for the requested period.

Q: What's the difference between quarterly and TTM? A: Quarter shows one quarter's data. TTM (trailing twelve months) sums the last 4 quarters.

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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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