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Dictionary by pitch.dog
Revenue, costs & profit · Core

Profit before tax

Also called: PBT, pre-tax income

ELI5

Profit after operating and financing items but before income tax.

Used in conversation

“The number is useful only if everyone calculates profit before tax the same way.”

Pitch context

You will see “Profit before tax” in financial models, budgets, board packs and investor materials when the discussion reaches revenue, costs & profit.

Why it matters: In revenue, costs & profit, different calculation boundaries, periods or accounting treatments can change the number and the decision.

Caution

Calculation, recognition and disclosure can vary by accounting framework, company policy and reporting context.

When the words have to travel

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Sources & evidence · 4

Direct term-level sources and supporting source families.