DTF (DTF Tax-Freeome 2028 Term Fund) Pre-Tax Income: $2.90 Mil (TTM As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DTF DTF Tax-Free Income 2028 Term Fund Inc DTF
55 GF Score
Price $11.34
GF Value $12.56
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is DTF Tax-Freeome 2028 Term Fund Pre-Tax Income?

DTF Tax-Freeome 2028 Term Fund DTF -0.09% 55 Pre-Tax Income is $2.90 Mil as of Apr. 2026. GuruFocus rates DTF with a GF Score™ of 55/100 and a GF Value™ of $12.56 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. DTF Tax-Freeome 2028 Term Fund's pretax income for the six months ended in Apr. 2026 was $0.74 Mil. Its pretax income for the trailing twelve months (TTM) ended in Apr. 2026 was $2.90 Mil. DTF Tax-Freeome 2028 Term Fund's pretax margin was 51.18%.

During the past 9 years, DTF Tax-Freeome 2028 Term Fund's highest Pretax Margin was 117.03%. The lowest was 65.58%. And the median was 87.83%.


DTF Tax-Freeome 2028 Term Fund  (NYSE:DTF) Pre-Tax Income Explanation

DTF Tax-Freeome 2028 Term Fund's Pretax Margin for the quarter that ended in Apr. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=0.739/1.444
=51.18%

During the past 9 years, DTF Tax-Freeome 2028 Term Fund's highest Pretax Margin was 117.03%. The lowest was 65.58%. And the median was 87.83%.

* 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.


DTF Tax-Freeome 2028 Term Fund Pre-Tax Income Related Terms


DTF Tax-Freeome 2028 Term Fund Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for DTF Tax-Freeome 2028 Term Fund's Pre-Tax Income 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.

DTF Tax-Freeome 2028 Term Fund Pre-Tax Income Chart

DTF Tax-Freeome 2028 Term Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only 2.94 -22.73 3.08 4.23 2.34

DTF Tax-Freeome 2028 Term Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.91 1.32 0.18 2.16 0.74

DTF vs AFCG, HNNA, VGI: Pre-Tax Income Comparison

For the Asset Management subindustry, DTF Tax-Freeome 2028 Term Fund's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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.


DTF Tax-Freeome 2028 Term Fund Pre-Tax Income vs Asset Management Industry

For the Asset Management industry and Financial Services sector, DTF Tax-Freeome 2028 Term Fund's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where DTF Tax-Freeome 2028 Term Fund's Pre-Tax Income falls into.


DTF
55GF Score
DTF Tax-Free Income 2028 Term Fund Inc DTF
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DTF Tax-Freeome 2028 Term Fund Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

DTF Tax-Freeome 2028 Term Fund's Pretax Income for the fiscal year that ended in Oct. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=2.341++-0+0+0
=2.34

DTF Tax-Freeome 2028 Term Fund's Pretax Income for the quarter that ended in Apr. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=0.739++-0+0+0
=0.74

Pre-Tax Income for the trailing twelve months (TTM) ended in Apr. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $2.90 Mil.

* 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.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of $2.90 Mil mean?
DTF Tax-Freeome 2028 Term Fund (DTF) has a Pre-Tax Income of $2.90 Mil as of Apr. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on DTF Tax-Freeome 2028 Term Fund and its competitors.
Is DTF Tax-Freeome 2028 Term Fund's Pre-Tax Income too high?
DTF Tax-Freeome 2028 Term Fund's current Pre-Tax Income is $2.90 Mil. Overall, DTF Tax-Freeome 2028 Term Fund has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DTF Tax-Freeome 2028 Term Fund's Pre-Tax Income compare to AFCG and HNNA?
DTF Tax-Freeome 2028 Term Fund's Pre-Tax Income of $2.90 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pre-Tax Income for an Asset Management company?
A good Pre-Tax Income depends on the Asset Management industry context. However, Pre-Tax Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on DTF Tax-Freeome 2028 Term Fund and its competitors. DTF Tax-Freeome 2028 Term Fund's current Pre-Tax Income is $2.90 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DTF Tax-Freeome 2028 Term Fund stock overvalued right now?
Based on GuruFocus' analysis, DTF Tax-Freeome 2028 Term Fund (DTF) is currently considered Modestly Undervalued. The stock's GF Value™ is $12.56, compared to a current price of $11.34 — trading 9.7% below its estimated fair value. The current Pre-Tax Income is $2.90 Mil. DTF Tax-Freeome 2028 Term Fund's overall GF Score™ is 55/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For DTF Tax-Freeome 2028 Term Fund (DTF), the current Pre-Tax Income is $2.90 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is DTF Tax-Freeome 2028 Term Fund (DTF) Overvalued in 2026?

Based on GuruFocus' analysis, DTF Tax-Freeome 2028 Term Fund stock appears to be undervalued. The current stock price of $11.34 is trading 9.7% below its estimated GF Value™ of $12.56. GuruFocus considers DTF Tax-Freeome 2028 Term Fund to be Modestly Undervalued.

Key valuation signals for DTF:

  • Pre-Tax Income: $2.90 Mil
  • GF Value™: $12.56 vs. price of $11.34 (9.7% below fair value)
  • GF Score™: 55/100 with 6 warning signs

No single metric tells the full story. See the DTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DTF Tax-Freeome 2028 Term Fund Business Description

Address 10 South Wacker Drive, Suite 1900, 19th Floor, Chicago, IL, USA, 60606
DTF Tax-Free Income 2028 Term Fund Inc is a diversified closed-end management investment company. The Fund's investment objective is current income exempt from regular federal income tax consistent with the preservation of capital. It seeks to achieve its investment objective by investing mainly in a diversified portfolio of investment-grade tax-exempt obligations.
55GF Score

Get the complete analysis for DTF

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$11.34
Price
$12.56
GF Value