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class="vector-toc-numb">5</span> <span>References</span> </div> </a> <ul id="toc-References-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" class="vector-toc-landmark"> <div id="vector-page-titlebar-toc" class="vector-dropdown vector-page-titlebar-toc vector-button-flush-left" > <input type="checkbox" id="vector-page-titlebar-toc-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-page-titlebar-toc" class="vector-dropdown-checkbox " aria-label="Toggle the table of contents" > <label id="vector-page-titlebar-toc-label" for="vector-page-titlebar-toc-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only " aria-hidden="true" ><span class="vector-icon mw-ui-icon-listBullet 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Available in 33 languages" > <label id="p-lang-btn-label" for="p-lang-btn-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--action-progressive mw-portlet-lang-heading-33" aria-hidden="true" ><span class="vector-icon mw-ui-icon-language-progressive mw-ui-icon-wikimedia-language-progressive"></span> <span class="vector-dropdown-label-text">33 languages</span> </label> <div class="vector-dropdown-content"> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li class="interlanguage-link interwiki-ar mw-list-item"><a href="https://ar.wikipedia.org/wiki/%D8%A7%D9%84%D8%A3%D8%B1%D8%A8%D8%A7%D8%AD_%D9%82%D8%A8%D9%84_%D8%A7%D9%84%D9%81%D9%88%D8%A7%D8%A6%D8%AF_%D9%88%D8%A7%D9%84%D8%B6%D8%B1%D8%A7%D8%A6%D8%A8" title="الأرباح قبل الفوائد والضرائب – Arabic" lang="ar" hreflang="ar" data-title="الأرباح قبل الفوائد والضرائب" data-language-autonym="العربية" data-language-local-name="Arabic" class="interlanguage-link-target"><span>العربية</span></a></li><li class="interlanguage-link interwiki-az mw-list-item"><a href="https://az.wikipedia.org/wiki/%C6%8Fm%C9%99liyyat_m%C9%99nf%C9%99%C9%99ti" title="Əməliyyat mənfəəti – Azerbaijani" lang="az" hreflang="az" data-title="Əməliyyat mənfəəti" data-language-autonym="Azərbaycanca" data-language-local-name="Azerbaijani" class="interlanguage-link-target"><span>Azərbaycanca</span></a></li><li class="interlanguage-link interwiki-be mw-list-item"><a href="https://be.wikipedia.org/wiki/%D0%90%D0%BF%D0%B5%D1%80%D0%B0%D1%86%D1%8B%D0%B9%D0%BD%D1%8B_%D0%BF%D1%80%D1%8B%D0%B1%D1%8B%D1%82%D0%B0%D0%BA" title="Аперацыйны прыбытак – Belarusian" lang="be" hreflang="be" data-title="Аперацыйны прыбытак" data-language-autonym="Беларуская" data-language-local-name="Belarusian" class="interlanguage-link-target"><span>Беларуская</span></a></li><li class="interlanguage-link interwiki-ca mw-list-item"><a href="https://ca.wikipedia.org/wiki/BAII" title="BAII – Catalan" lang="ca" hreflang="ca" data-title="BAII" data-language-autonym="Català" data-language-local-name="Catalan" class="interlanguage-link-target"><span>Català</span></a></li><li class="interlanguage-link interwiki-cs mw-list-item"><a href="https://cs.wikipedia.org/wiki/Zisk_p%C5%99ed_%C3%BAroky_a_zdan%C4%9Bn%C3%ADm" title="Zisk před úroky a zdaněním – Czech" lang="cs" hreflang="cs" data-title="Zisk před úroky a zdaněním" data-language-autonym="Čeština" data-language-local-name="Czech" class="interlanguage-link-target"><span>Čeština</span></a></li><li class="interlanguage-link interwiki-da mw-list-item"><a href="https://da.wikipedia.org/wiki/Resultat_af_prim%C3%A6r_drift" title="Resultat af primær drift – Danish" lang="da" hreflang="da" data-title="Resultat af primær drift" data-language-autonym="Dansk" data-language-local-name="Danish" class="interlanguage-link-target"><span>Dansk</span></a></li><li class="interlanguage-link interwiki-de mw-list-item"><a href="https://de.wikipedia.org/wiki/EBIT" title="EBIT – German" lang="de" hreflang="de" data-title="EBIT" data-language-autonym="Deutsch" data-language-local-name="German" class="interlanguage-link-target"><span>Deutsch</span></a></li><li class="interlanguage-link interwiki-et mw-list-item"><a href="https://et.wikipedia.org/wiki/Tegevuskasum" title="Tegevuskasum – Estonian" lang="et" hreflang="et" data-title="Tegevuskasum" data-language-autonym="Eesti" data-language-local-name="Estonian" class="interlanguage-link-target"><span>Eesti</span></a></li><li class="interlanguage-link interwiki-el mw-list-item"><a href="https://el.wikipedia.org/wiki/%CE%9A%CE%AD%CF%81%CE%B4%CE%B7_%CF%80%CF%81%CE%BF_%CF%84%CF%8C%CE%BA%CF%89%CE%BD_%CE%BA%CE%B1%CE%B9_%CF%86%CF%8C%CF%81%CF%89%CE%BD" title="Κέρδη προ τόκων και φόρων – Greek" lang="el" hreflang="el" data-title="Κέρδη προ τόκων και φόρων" data-language-autonym="Ελληνικά" data-language-local-name="Greek" class="interlanguage-link-target"><span>Ελληνικά</span></a></li><li class="interlanguage-link interwiki-es mw-list-item"><a href="https://es.wikipedia.org/wiki/Beneficio_antes_de_intereses_e_impuestos" title="Beneficio antes de intereses e impuestos – Spanish" lang="es" hreflang="es" data-title="Beneficio antes de intereses e impuestos" data-language-autonym="Español" data-language-local-name="Spanish" class="interlanguage-link-target"><span>Español</span></a></li><li class="interlanguage-link interwiki-fa mw-list-item"><a href="https://fa.wikipedia.org/wiki/%D8%B3%D9%88%D8%AF_%D9%82%D8%A8%D9%84_%D8%A7%D8%B2_%D8%A8%D9%87%D8%B1%D9%87_%D9%88_%D9%85%D8%A7%D9%84%DB%8C%D8%A7%D8%AA" title="سود قبل از بهره و مالیات – Persian" lang="fa" hreflang="fa" data-title="سود قبل از بهره و مالیات" data-language-autonym="فارسی" data-language-local-name="Persian" class="interlanguage-link-target"><span>فارسی</span></a></li><li class="interlanguage-link interwiki-fr mw-list-item"><a href="https://fr.wikipedia.org/wiki/B%C3%A9n%C3%A9fice_avant_int%C3%A9r%C3%AAts_et_imp%C3%B4ts" title="Bénéfice avant intérêts et impôts – French" lang="fr" hreflang="fr" data-title="Bénéfice avant intérêts et impôts" data-language-autonym="Français" data-language-local-name="French" class="interlanguage-link-target"><span>Français</span></a></li><li class="interlanguage-link interwiki-hy mw-list-item"><a href="https://hy.wikipedia.org/wiki/%D5%80%D5%AB%D5%B4%D5%B6%D5%A1%D5%A4%D6%80%D5%A1%D5%B5%D5%AB%D5%B6_%D5%B7%D5%A1%D5%B0%D5%B8%D6%82%D5%B5%D5%A9" title="Հիմնադրային շահույթ – Armenian" lang="hy" hreflang="hy" data-title="Հիմնադրային շահույթ" data-language-autonym="Հայերեն" data-language-local-name="Armenian" class="interlanguage-link-target"><span>Հայերեն</span></a></li><li class="interlanguage-link interwiki-hi mw-list-item"><a href="https://hi.wikipedia.org/wiki/%E0%A4%AC%E0%A5%8D%E0%A4%AF%E0%A4%BE%E0%A4%9C_%E0%A4%94%E0%A4%B0_%E0%A4%95%E0%A4%B0_%E0%A4%AA%E0%A5%82%E0%A4%B0%E0%A5%8D%E0%A4%B5_%E0%A4%86%E0%A4%AF" title="ब्याज और कर पूर्व आय – Hindi" lang="hi" hreflang="hi" data-title="ब्याज और कर पूर्व आय" data-language-autonym="हिन्दी" data-language-local-name="Hindi" class="interlanguage-link-target"><span>हिन्दी</span></a></li><li class="interlanguage-link interwiki-id mw-list-item"><a href="https://id.wikipedia.org/wiki/Laba_sebelum_bunga_dan_pajak" title="Laba sebelum bunga dan pajak – Indonesian" lang="id" hreflang="id" data-title="Laba sebelum bunga dan pajak" data-language-autonym="Bahasa Indonesia" data-language-local-name="Indonesian" class="interlanguage-link-target"><span>Bahasa Indonesia</span></a></li><li class="interlanguage-link interwiki-it mw-list-item"><a href="https://it.wikipedia.org/wiki/Risultato_ante_oneri_finanziari" title="Risultato ante oneri finanziari – Italian" lang="it" hreflang="it" data-title="Risultato ante oneri finanziari" data-language-autonym="Italiano" data-language-local-name="Italian" class="interlanguage-link-target"><span>Italiano</span></a></li><li class="interlanguage-link interwiki-he mw-list-item"><a href="https://he.wikipedia.org/wiki/%D7%A8%D7%95%D7%95%D7%97_%D7%AA%D7%A4%D7%A2%D7%95%D7%9C%D7%99" title="רווח תפעולי – Hebrew" lang="he" hreflang="he" data-title="רווח תפעולי" data-language-autonym="עברית" data-language-local-name="Hebrew" class="interlanguage-link-target"><span>עברית</span></a></li><li class="interlanguage-link interwiki-hu mw-list-item"><a href="https://hu.wikipedia.org/wiki/EBIT" title="EBIT – Hungarian" lang="hu" hreflang="hu" data-title="EBIT" data-language-autonym="Magyar" data-language-local-name="Hungarian" class="interlanguage-link-target"><span>Magyar</span></a></li><li class="interlanguage-link interwiki-ms mw-list-item"><a href="https://ms.wikipedia.org/wiki/Perolehan_sebelum_faedah_dan_cukai" title="Perolehan sebelum faedah dan cukai – Malay" lang="ms" hreflang="ms" data-title="Perolehan sebelum faedah dan cukai" data-language-autonym="Bahasa Melayu" data-language-local-name="Malay" class="interlanguage-link-target"><span>Bahasa Melayu</span></a></li><li class="interlanguage-link interwiki-nl mw-list-item"><a href="https://nl.wikipedia.org/wiki/EBIT" title="EBIT – Dutch" lang="nl" hreflang="nl" data-title="EBIT" data-language-autonym="Nederlands" data-language-local-name="Dutch" class="interlanguage-link-target"><span>Nederlands</span></a></li><li class="interlanguage-link interwiki-no mw-list-item"><a href="https://no.wikipedia.org/wiki/Driftsresultat" title="Driftsresultat – Norwegian Bokmål" lang="nb" hreflang="nb" data-title="Driftsresultat" data-language-autonym="Norsk bokmål" data-language-local-name="Norwegian Bokmål" class="interlanguage-link-target"><span>Norsk bokmål</span></a></li><li class="interlanguage-link interwiki-pl mw-list-item"><a href="https://pl.wikipedia.org/wiki/EBIT" title="EBIT – Polish" lang="pl" hreflang="pl" data-title="EBIT" data-language-autonym="Polski" data-language-local-name="Polish" class="interlanguage-link-target"><span>Polski</span></a></li><li class="interlanguage-link interwiki-pt mw-list-item"><a href="https://pt.wikipedia.org/wiki/Lucro_antes_de_juros_e_imposto_de_renda" title="Lucro antes de juros e imposto de renda – Portuguese" lang="pt" hreflang="pt" data-title="Lucro antes de juros e imposto de renda" data-language-autonym="Português" data-language-local-name="Portuguese" class="interlanguage-link-target"><span>Português</span></a></li><li class="interlanguage-link interwiki-ro mw-list-item"><a href="https://ro.wikipedia.org/wiki/Profit_brut" title="Profit brut – Romanian" lang="ro" hreflang="ro" data-title="Profit brut" data-language-autonym="Română" data-language-local-name="Romanian" class="interlanguage-link-target"><span>Română</span></a></li><li class="interlanguage-link interwiki-ru mw-list-item"><a href="https://ru.wikipedia.org/wiki/%D0%9E%D0%BF%D0%B5%D1%80%D0%B0%D1%86%D0%B8%D0%BE%D0%BD%D0%BD%D0%B0%D1%8F_%D0%BF%D1%80%D0%B8%D0%B1%D1%8B%D0%BB%D1%8C" title="Операционная прибыль – Russian" lang="ru" hreflang="ru" data-title="Операционная прибыль" data-language-autonym="Русский" data-language-local-name="Russian" class="interlanguage-link-target"><span>Русский</span></a></li><li class="interlanguage-link interwiki-sq mw-list-item"><a href="https://sq.wikipedia.org/wiki/Fitimi_para_interesave_dhe_taksave" title="Fitimi para interesave dhe taksave – Albanian" lang="sq" hreflang="sq" data-title="Fitimi para interesave dhe taksave" data-language-autonym="Shqip" data-language-local-name="Albanian" class="interlanguage-link-target"><span>Shqip</span></a></li><li class="interlanguage-link interwiki-simple mw-list-item"><a href="https://simple.wikipedia.org/wiki/Earnings_before_interest_and_taxes" title="Earnings before interest and taxes – Simple English" lang="en-simple" hreflang="en-simple" data-title="Earnings before interest and taxes" data-language-autonym="Simple English" data-language-local-name="Simple English" class="interlanguage-link-target"><span>Simple English</span></a></li><li class="interlanguage-link interwiki-ckb mw-list-item"><a href="https://ckb.wikipedia.org/wiki/%D9%82%D8%A7%D8%B2%D8%A7%D9%86%D8%AC_%D9%BE%DB%8E%D8%B4_%D8%B3%D9%88%D9%88%D8%AF_%D9%88_%D8%A8%D8%A7%D8%AC" title="قازانج پێش سوود و باج – Central Kurdish" lang="ckb" hreflang="ckb" data-title="قازانج پێش سوود و باج" data-language-autonym="کوردی" data-language-local-name="Central Kurdish" class="interlanguage-link-target"><span>کوردی</span></a></li><li class="interlanguage-link interwiki-sv mw-list-item"><a href="https://sv.wikipedia.org/wiki/R%C3%B6relseresultat" title="Rörelseresultat – Swedish" lang="sv" hreflang="sv" data-title="Rörelseresultat" data-language-autonym="Svenska" data-language-local-name="Swedish" class="interlanguage-link-target"><span>Svenska</span></a></li><li class="interlanguage-link interwiki-tg mw-list-item"><a href="https://tg.wikipedia.org/wiki/%D0%94%D0%B0%D1%80%D0%BE%D0%BC%D0%B0%D0%B4%D0%B8_%D0%B0%D0%BC%D0%B0%D0%BB%D0%B8%D1%91%D1%82%D3%A3" title="Даромади амалиётӣ – Tajik" lang="tg" hreflang="tg" data-title="Даромади амалиётӣ" data-language-autonym="Тоҷикӣ" data-language-local-name="Tajik" class="interlanguage-link-target"><span>Тоҷикӣ</span></a></li><li class="interlanguage-link interwiki-uk mw-list-item"><a href="https://uk.wikipedia.org/wiki/%D0%9E%D0%BF%D0%B5%D1%80%D0%B0%D1%86%D1%96%D0%B9%D0%BD%D0%B8%D0%B9_%D0%BF%D1%80%D0%B8%D0%B1%D1%83%D1%82%D0%BE%D0%BA" title="Операційний прибуток – Ukrainian" lang="uk" hreflang="uk" data-title="Операційний прибуток" data-language-autonym="Українська" data-language-local-name="Ukrainian" class="interlanguage-link-target"><span>Українська</span></a></li><li class="interlanguage-link interwiki-vi mw-list-item"><a href="https://vi.wikipedia.org/wiki/L%E1%BB%A3i_nhu%E1%BA%ADn_tr%C6%B0%E1%BB%9Bc_thu%E1%BA%BF_v%C3%A0_l%C3%A3i" title="Lợi nhuận trước thuế và lãi – Vietnamese" lang="vi" hreflang="vi" data-title="Lợi nhuận trước thuế và lãi" data-language-autonym="Tiếng Việt" data-language-local-name="Vietnamese" class="interlanguage-link-target"><span>Tiếng Việt</span></a></li><li class="interlanguage-link interwiki-zh mw-list-item"><a href="https://zh.wikipedia.org/wiki/%E6%81%AF%E7%A8%85%E5%89%8D%E5%88%A9%E6%BD%A4" title="息稅前利潤 – Chinese" lang="zh" hreflang="zh" data-title="息稅前利潤" data-language-autonym="中文" data-language-local-name="Chinese" class="interlanguage-link-target"><span>中文</span></a></li> </ul> <div class="after-portlet after-portlet-lang"><span class="wb-langlinks-edit wb-langlinks-link"><a href="https://www.wikidata.org/wiki/Special:EntityPage/Q720862#sitelinks-wikipedia" title="Edit interlanguage links" class="wbc-editpage">Edit links</a></span></div> </div> </div> </div> </header> 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class="mw-redirectedfrom">(Redirected from <a href="/w/index.php?title=Earnings_before_taxes&redirect=no" class="mw-redirect" title="Earnings before taxes">Earnings before taxes</a>)</span></div></div> <div id="mw-content-text" class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><div class="shortdescription nomobile noexcerpt noprint searchaux" style="display:none">Measure of a firm's profit</div><p>In <a href="/wiki/Accountancy" class="mw-redirect" title="Accountancy">accounting</a> and finance, <b>earnings before interest and taxes</b> (<b>EBIT</b>) is a measure of a firm's <a href="/wiki/Profit_(accounting)" title="Profit (accounting)">profit</a> that includes all incomes and expenses (operating and <a href="/wiki/Non-operating_income" title="Non-operating income">non-operating</a>) except <a href="/wiki/Interest" title="Interest">interest</a> expenses and <a href="/wiki/Income_tax" title="Income tax">income tax</a> expenses.<sup id="cite_ref-Essentials_1-0" class="reference"><a href="#cite_note-Essentials-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> </p><p><b>Operating income</b> and <b>operating profit</b> are sometimes used as a <a href="/wiki/Synonym" title="Synonym">synonym</a> for EBIT when a firm does not have <a href="/wiki/Non-operating_income" title="Non-operating income">non-operating income</a> and non-operating expenses.<sup id="cite_ref-investopedia_3-0" class="reference"><a href="#cite_note-investopedia-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="Formula">Formula</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Earnings_before_interest_and_taxes&action=edit&section=1" title="Edit section: Formula"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li>EBIT = (net income) + interest + taxes = <a href="/wiki/Earnings_before_interest,_taxes,_depreciation,_and_amortization" class="mw-redirect" title="Earnings before interest, taxes, depreciation, and amortization">EBITDA</a> – (depreciation and amortization expenses)</li> <li>operating income = (<a href="/wiki/Gross_income" title="Gross income">gross income</a>) – <a href="/wiki/Operating_expense" title="Operating expense">OPEX</a> = EBIT – (non-operating profit) + (non-operating expenses)<sup id="cite_ref-investopedia_3-1" class="reference"><a href="#cite_note-investopedia-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup></li></ul> <p>where </p> <ul><li>EBITDA = earnings before interest, taxes, depreciation, and amortization</li> <li>OPEX = operating expense</li></ul> <div class="mw-heading mw-heading2"><h2 id="Overview">Overview</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Earnings_before_interest_and_taxes&action=edit&section=2" title="Edit section: Overview"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>A professional investor contemplating a change to the <a href="/wiki/Capital_structure" title="Capital structure">capital structure</a> of a firm (e.g., through a <a href="/wiki/Leveraged_buyout" title="Leveraged buyout">leveraged buyout</a>) first evaluates a firm's fundamental earnings potential (reflected by earnings before interest, taxes, depreciation and amortization (<a href="/wiki/Earnings_before_interest,_taxes,_depreciation,_and_amortization" class="mw-redirect" title="Earnings before interest, taxes, depreciation, and amortization">EBITDA</a>) and EBIT), and then determines the optimal use of debt versus equity (equity value). </p><p>To calculate EBIT, expenses (e.g. the <a href="/wiki/Cost_of_goods_sold" title="Cost of goods sold">cost of goods sold</a>, selling and administrative expenses) are subtracted from revenues.<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> <a href="/wiki/Net_income" title="Net income">Net income</a> is later obtained by subtracting interest and taxes from the result. </p> <table class="wikitable"> <caption>Example statement of income (figures in thousands)<sup id="cite_ref-Essentials_1-1" class="reference"><a href="#cite_note-Essentials-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> </caption> <tbody><tr> <th style="text-align:left;background-color:#ffd700;" colspan="2">Revenue </th></tr> <tr> <td style="padding-left:2.0em;">Sales revenue </td> <th style="text-align:right;">$20,438 </th></tr> <tr> <td style="padding-left:2.0em;"><a href="/wiki/Cost_of_goods_sold" title="Cost of goods sold">Cost of goods sold</a> </td> <th style="text-align:right;">$7,943 </th></tr> <tr> <th style="text-align:left;">Gross profit </th> <th style="text-align:right;">$12,495 </th></tr> <tr> <th style="text-align:left;background-color:#c0c0c0;" colspan="2">Operating expenses </th></tr> <tr> <td style="padding-left:2.0em;">Selling, general and administrative expenses </td> <th style="text-align:right;">$8,172 </th></tr> <tr> <td style="padding-left:2.0em;"><a href="/wiki/Depreciation" title="Depreciation">Depreciation</a> and <a href="/wiki/Amortization_(accounting)" title="Amortization (accounting)">amortization</a> </td> <th style="text-align:right;">$960 </th></tr> <tr> <td style="padding-left:2.0em;">Other expenses </td> <th style="text-align:right;">$138 </th></tr> <tr> <td style="background-color:#cc9966; font-weight:bold;padding-left:2.0em;text-align:left;">Total operating expenses </td> <td style="background-color:#cc9966; font-weight:bold;text-align:right;">$9,270 </td></tr> <tr> <th style="text-align:left;">Operating profit </th> <th style="text-align:right;">$3,225 </th></tr> <tr> <td style="padding-left:2.0em;">Non-operating income </td> <th style="text-align:right;">$130 </th></tr> <tr> <th style="text-align:left;">Earnings before interest and taxes (EBIT) </th> <th style="text-align:right;">$3,355 </th></tr> <tr> <td style="padding-left:2.0em;">Financial income </td> <th style="text-align:right;">$45 </th></tr> <tr> <th style="text-align:left;">Income before interest expense (IBIE) </th> <th style="text-align:right;">$3,400 </th></tr> <tr> <td style="padding-left:2.0em;">Financial expense </td> <th style="text-align:right;">$190 </th></tr> <tr> <th style="text-align:left;">Earnings before income taxes (EBT) </th> <th style="text-align:right;">$3,210 </th></tr> <tr> <td style="padding-left:2.0em;"><a href="/wiki/Income_tax" title="Income tax">Income taxes</a> </td> <th style="text-align:right;">$1,027 </th></tr> <tr> <th style="background-color:#9acdff;text-align:left;">Net income </th> <th style="background-color:#9acdff;text-align:right;">$2,183 </th></tr></tbody></table> <div class="mw-heading mw-heading2"><h2 id="Earnings_before_taxes">Earnings before taxes</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Earnings_before_interest_and_taxes&action=edit&section=3" title="Edit section: Earnings before taxes"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p><span class="citation-needed-content" style="padding-left:0.1em; padding-right:0.1em; color:var(--color-subtle, #54595d); border:1px solid var(--border-color-subtle, #c8ccd1);"><b>Earnings before taxes</b> (<b>EBT</b>) is the money retained by the firm before deducting the money to be paid for <a href="/wiki/Taxes" class="mw-redirect" title="Taxes">taxes</a>. EBT excludes the money paid for <a href="/wiki/Interest" title="Interest">interest</a>. Thus, it can be calculated by subtracting the interest from EBIT (earnings before interest and taxes).</span><sup class="noprint Inline-Template Template-Fact" style="margin-left:0.1em; white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. 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src="//upload.wikimedia.org/wikipedia/commons/thumb/a/a8/Disc_Plain_blue_dark.svg/4px-Disc_Plain_blue_dark.svg.png" decoding="async" width="4" height="4" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/a/a8/Disc_Plain_blue_dark.svg/6px-Disc_Plain_blue_dark.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/a/a8/Disc_Plain_blue_dark.svg/8px-Disc_Plain_blue_dark.svg.png 2x" data-file-width="460" data-file-height="460" /></span></span> <b><i><a href="https://www.wikidata.org/wiki/Property_talk:P3362" class="extiw" title="d:Property talk:P3362">operating income (P3362)</a></i></b> (see <span class="plainlinks"><a class="external text" href="https://query.wikidata.org/embed.html#SELECT%20%3FWikidata_item_%20%3FWikidata_item_Label%20%3Fvalue%20%3FvalueLabel%20%3FEnglish_Wikipedia_article%20%23Show%20data%20in%20this%20order%0A%7B%0A%09%3FWikidata_item_%20wdt%3AP3362%20%3Fvalue%20.%20%23Collecting%20all%20items%20which%20have%20P3362%20data%2C%20from%20whole%20Wikidata%20item%20pages%0A%09OPTIONAL%20%7B%3FEnglish_Wikipedia_article%20schema%3Aabout%20%3FWikidata_item_%3B%20schema%3AisPartOf%20%3Chttps%3A%2F%2Fen.wikipedia.org%2F%3E%20.%7D%20%23If%20collected%20item%20has%20link%20to%20English%20Wikipedia%2C%20show%20that%0A%09SERVICE%20wikibase%3Alabel%20%7B%20bd%3AserviceParam%20wikibase%3Alanguage%20%22en%22%20%20%7D%20%23Show%20label%20in%20this%20language.%20%22en%22%20is%20English.%20%20%20%0A%7D%0ALIMIT%201000">uses</a></span>)</li></ul></div></div> </div> <ul><li><a href="/wiki/EBITA" class="mw-redirect" title="EBITA">Earnings before interest, taxes, and amortization</a> (EBITA)</li> <li><a href="/wiki/EBITD" class="mw-redirect" title="EBITD">Earnings before interest, taxes, and depreciation</a> (EBITD)</li> <li><a href="/wiki/EBITDAR" class="mw-redirect" title="EBITDAR">Earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs</a> (EBITDAR)</li> <li><a href="/wiki/EBITDA" class="mw-redirect" title="EBITDA">Earnings before interest, taxes, depreciation, and amortization</a> (EBITDA)</li> <li><a href="/wiki/EV/EBITDA" class="mw-redirect" title="EV/EBITDA">EV/EBITDA</a></li> <li><a href="/wiki/OIBDA" class="mw-redirect" title="OIBDA">Operating income before depreciation and amortization</a> (OIBDA)</li></ul> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Earnings_before_interest_and_taxes&action=edit&section=5" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style 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id="cite_note-Essentials-1"><span class="mw-cite-backlink">^ <a href="#cite_ref-Essentials_1-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Essentials_1-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription 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.cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite id="CITEREFBodieKaneMarcus2005" class="citation book cs1">Bodie, Zvi; Kane, Alex; Marcus, Alan (2005). <span class="id-lock-registration" title="Free registration required"><a rel="nofollow" class="external text" href="https://archive.org/details/isbn_9780072503678"><i>Essentials of Investments</i></a></span>. <a href="/wiki/McGraw_Hill" class="mw-redirect" title="McGraw Hill">McGraw Hill</a>. p. <a rel="nofollow" class="external text" href="https://archive.org/details/isbn_9780072503678/page/452">452</a>. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/9780072510775" title="Special:BookSources/9780072510775"><bdi>9780072510775</bdi></a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=Essentials+of+Investments&rft.pages=452&rft.pub=McGraw+Hill&rft.date=2005&rft.isbn=9780072510775&rft.aulast=Bodie&rft.aufirst=Zvi&rft.au=Kane%2C+Alex&rft.au=Marcus%2C+Alan&rft_id=https%3A%2F%2Farchive.org%2Fdetails%2Fisbn_9780072503678&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEarnings+before+interest+and+taxes" class="Z3988"></span></span> </li> <li id="cite_note-2"><span class="mw-cite-backlink"><b><a href="#cite_ref-2">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.nasdaq.com/glossary/e/earnings-before-interest-and-taxes">"Earnings before interest and, taxes (EBIT)"</a>. <a href="/wiki/NASDAQ" class="mw-redirect" title="NASDAQ">NASDAQ</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230605113642/https://www.nasdaq.com/glossary/e/earnings-before-interest-and-taxes">Archived</a> from the original on Jun 5, 2023.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Earnings+before+interest+and%2C+taxes+%28EBIT%29&rft.pub=NASDAQ&rft_id=https%3A%2F%2Fwww.nasdaq.com%2Fglossary%2Fe%2Fearnings-before-interest-and-taxes&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEarnings+before+interest+and+taxes" class="Z3988"></span></span> </li> <li id="cite_note-investopedia-3"><span class="mw-cite-backlink">^ <a href="#cite_ref-investopedia_3-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-investopedia_3-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMurphy2019" class="citation web cs1">Murphy, Chris B. (2019-07-11). <a rel="nofollow" class="external text" href="https://www.investopedia.com/ask/answers/012015/what-difference-between-ebit-and-operating-income.asp">"How are EBIT and operating income different?"</a>. <a href="/wiki/Investopedia" title="Investopedia">Investopedia</a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=How+are+EBIT+and+operating+income+different%3F&rft.pub=Investopedia&rft.date=2019-07-11&rft.aulast=Murphy&rft.aufirst=Chris+B.&rft_id=https%3A%2F%2Fwww.investopedia.com%2Fask%2Fanswers%2F012015%2Fwhat-difference-between-ebit-and-operating-income.asp&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEarnings+before+interest+and+taxes" class="Z3988"></span></span> </li> <li id="cite_note-4"><span class="mw-cite-backlink"><b><a href="#cite_ref-4">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://www.investorwords.com/1631/EBIT.html">"What is EBIT? definition and meaning"</a>. <i>investorwords.com</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2019-10-03</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=investorwords.com&rft.atitle=What+is+EBIT%3F+definition+and+meaning&rft_id=http%3A%2F%2Fwww.investorwords.com%2F1631%2FEBIT.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AEarnings+before+interest+and+taxes" class="Z3988"></span></span> </li> </ol></div></div>    </div><noscript><img src="https://login.wikimedia.org/wiki/Special:CentralAutoLogin/start?type=1x1&useformat=desktop" alt="" width="1" height="1" style="border: none; position: absolute;"></noscript> <div class="printfooter" data-nosnippet="">Retrieved from "<a dir="ltr" href="https://en.wikipedia.org/w/index.php?title=Earnings_before_interest_and_taxes&oldid=1256457642">https://en.wikipedia.org/w/index.php?title=Earnings_before_interest_and_taxes&oldid=1256457642</a>"</div></div> <div id="catlinks" class="catlinks" data-mw="interface"><div id="mw-normal-catlinks" class="mw-normal-catlinks"><a href="/wiki/Help:Category" title="Help:Category">Categories</a>: <ul><li><a href="/wiki/Category:Fundamental_analysis" title="Category:Fundamental analysis">Fundamental analysis</a></li><li><a href="/wiki/Category:Profit" title="Category:Profit">Profit</a></li></ul></div><div id="mw-hidden-catlinks" class="mw-hidden-catlinks mw-hidden-cats-hidden">Hidden categories: <ul><li><a href="/wiki/Category:Articles_with_short_description" title="Category:Articles with short description">Articles with short description</a></li><li><a href="/wiki/Category:Short_description_matches_Wikidata" title="Category:Short description matches Wikidata">Short description matches Wikidata</a></li><li><a href="/wiki/Category:All_articles_with_unsourced_statements" title="Category:All articles with unsourced statements">All articles with unsourced statements</a></li><li><a href="/wiki/Category:Articles_with_unsourced_statements_from_March_2024" title="Category:Articles with unsourced statements from March 2024">Articles with unsourced statements from March 2024</a></li></ul></div></div> </div> </main> </div> <div class="mw-footer-container"> <footer id="footer" class="mw-footer" > <ul id="footer-info"> <li id="footer-info-lastmod"> This page was last edited on 10 November 2024, at 00:53<span class="anonymous-show"> (UTC)</span>.</li> <li id="footer-info-copyright">Text is available under the <a href="/wiki/Wikipedia:Text_of_the_Creative_Commons_Attribution-ShareAlike_4.0_International_License" title="Wikipedia:Text of the Creative Commons Attribution-ShareAlike 4.0 International License">Creative Commons Attribution-ShareAlike 4.0 License</a>; additional terms may apply. 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