Itau Unibanco Holding (Itau Unibanco Holding) Pretax Margin % : 26.74% (As of Dec. 2023)

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What is Itau Unibanco Holding Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Itau Unibanco Holding's Pre-Tax Income for the three months ended in Dec. 2023 was $2,058 Mil. Itau Unibanco Holding's Revenue for the three months ended in Dec. 2023 was $7,695 Mil. Therefore, Itau Unibanco Holding's pretax margin for the quarter that ended in Dec. 2023 was 26.74%.

The historical rank and industry rank for Itau Unibanco Holding's Pretax Margin % or its related term are showing as below:

ITUB' s Pretax Margin % Range Over the Past 10 Years
Min: 5.23 Med: 28.42 Max: 33.16
Current: 26.83

ITUB's Pretax Margin % is ranked worse than
64.68% of 1458 companies
in the Banks industry
Industry Median: 32.765 vs ITUB: 26.83

Itau Unibanco Holding Pretax Margin % Historical Data

The historical data trend for Itau Unibanco Holding's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Itau Unibanco Holding Pretax Margin % Chart

Itau Unibanco Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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27.87

5.23

33.10

25.84

26.83

Itau Unibanco Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Pretax Margin %	Get a 7-Day Free Trial															20.35	24.06	28.06	28.19	26.74

Competitive Comparison of Itau Unibanco Holding's Pretax Margin %

For the Banks - Regional subindustry, Itau Unibanco Holding's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Itau Unibanco Holding's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Itau Unibanco Holding's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Itau Unibanco Holding's Pretax Margin % falls into.

Itau Unibanco Holding Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Itau Unibanco Holding's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	8102.372	/	30199.396
	=	26.83 %

Itau Unibanco Holding's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2057.839	/	7694.804
	=	26.74 %

Itau Unibanco Holding (NYSE:ITUB) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

Itau Unibanco Holding Pretax Margin % Related Terms

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Itau Unibanco Holding (Itau Unibanco Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Itau Unibanco Holding SA (NYSE:ITUB) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

ITUB:Mexico BVXB:Germany BVXB:Germany ITUB4:Brazil ITUB3:Brazil ITUB:Argentina

Address

Praca Alfredo Egydio de Souza Aranha, 100, Torre Olavo Setubal, Parque Jabaquara, Sao Paulo, SP, BRA, 04344-902

Website

https://www.itau.com.br

Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 33% and 44%% of the bank's total loans, respectively, while foreign loans account for 23% of its portfolio. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.