EBIT

EBIT definition - finance
Earnings before interest and taxes is a financial calculation that subtracts cost of goods sold along with selling, general, and administrative expenses (SG&A) from revenues. EBIT is a measure of operating and nonoperating profit before interest and income taxes are deducted.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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