Meaning of the word ebit in English

What does ebit mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

ebit

US /ˈiː.bɪt/
UK /ˈebɪt/

Abbreviation

Earnings Before Interest and Taxes, a measure of a company's operating profit

Example:
The company reported a strong EBIT for the last quarter.
Analysts often use EBIT to compare the profitability of different companies.