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Earnings before interest and taxes
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<p>In <a href="/facts/Accountancy/sHznDY3V">accounting</a> and finance, earnings before interest and taxes (EBIT) is a measure of a firm's <a href="/facts/Profit_(accounting)/8W9Kw0fx">profit</a> that includes all incomes and expenses (operating and <a href="/facts/Non-operating_income/2BXfE9LK">non-operating</a>) except <a href="/facts/Interest/qfNEuKg0">interest</a> expenses and <a href="/facts/Income_tax/VVmmfxKU">income tax</a> expenses. </p><p>Operating income and operating profit are sometimes used as a <a href="/facts/Synonym/a3BgMcdu">synonym</a> for EBIT when a firm does not have <a href="/facts/Non-operating_income/2BXfE9LK">non-operating income</a> and non-operating expenses. </p>