ACI Worldwide Inc (ACIW)

Pretax margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	147,627	206,635	175,065	98,626	72,210
Revenue	US$ in thousands	1,388,310	2,841,610	2,707,660	2,543,780	2,465,550
Pretax margin		10.63%	7.27%	6.47%	3.88%	2.93%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $147,627K ÷ $1,388,310K
= 10.63%

The pretax margin of ACI Worldwide Inc has shown a generally positive trend over the past five years, increasing from 5.74% in 2019 to 10.16% in 2023. The company's ability to generate profits before taxes relative to its total revenue has improved consistently. The upward trend in pretax margin indicates that the company has been able to effectively manage its operating expenses and control its tax burden, resulting in higher profitability. The significant increase in 2022, followed by a slight decline in 2023, suggests that there may have been some variability in the company's cost structure or revenue mix during those years. Overall, the increasing trend in pretax margin is a positive indicator of ACI Worldwide Inc's financial performance and operational efficiency.