B2Gold (TSX:BTO) Pre-Tax Income: C$2,325 Mil (TTM As of Jun. 2026)

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TSX:BTO B2Gold Corp TSX:BTO
87 GF Score
Price C$7.65
GF Value C$7.03
Valuation Fairly Valued
! 5 Warning Signs
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What is B2Gold Pre-Tax Income?

B2Gold TSX:BTO +1.32% 87 Pre-Tax Income is C$2,325 Mil as of Jun. 2026. GuruFocus rates TSX:BTO with a GF Score™ of 87/100 and a GF Value™ of C$7.03 (Fairly Valued). The stock has 5 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. B2Gold's pretax income for the three months ended in Jun. 2026 was C$867 Mil. Its pretax income for the trailing twelve months (TTM) ended in Jun. 2026 was C$2,325 Mil. B2Gold's pretax margin was 79.38%.

During the past 13 years, B2Gold's highest Pretax Margin was 57.82%. The lowest was -16.26%. And the median was 28.02%.


B2Gold  (TSX:BTO) Pre-Tax Income Explanation

B2Gold's Pretax Margin for the quarter that ended in Jun. 2026 is calculated as

Pretax Margin=Pretax Income/Revenue
=867.39969600569/1092.7691197026
=79.38%

During the past 13 years, B2Gold's highest Pretax Margin was 57.82%. The lowest was -16.26%. And the median was 28.02%.

* 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.


B2Gold Pre-Tax Income Related Terms


B2Gold Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for B2Gold'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.

B2Gold Pre-Tax Income Chart

B2Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 888.50 677.53 405.53 -427.23 1,365.93

B2Gold Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 Premium Member Only Premium Member Only 397.39 275.27 500.13 681.84 867.40

TSX:BTO vs NEM, AU: Pre-Tax Income Comparison

For the Gold subindustry, B2Gold'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.


B2Gold Pre-Tax Income vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, B2Gold's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where B2Gold's Pre-Tax Income falls into.


TSX:BTO
87GF Score
B2Gold Corp TSX:BTO
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

B2Gold Pre-Tax Income Calculation

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

B2Gold's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=1972.7492861589++-52.680573511297+17.393448068236+-571.53713397294
=1,366

B2Gold's Pretax Income for the quarter that ended in Jun. 2026 is calculated as

Pretax Income=Operating Income+Non Operating Income+Interest Expense+Interest Income+Other
=388.31696873437++-21.301518006958+4.9879358795782+495.3963093987
=867

Pre-Tax Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$2,325 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 C$2,325 Mil mean?
B2Gold (TSX:BTO) has a Pre-Tax Income of C$2,325 Mil as of Jun. 2026. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on B2Gold and its competitors.
Is B2Gold's Pre-Tax Income too high?
B2Gold's current Pre-Tax Income is C$2,325 Mil. Overall, B2Gold has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does B2Gold's Pre-Tax Income compare to NEM and AU?
B2Gold's Pre-Tax Income of C$2,325 Mil can be compared against companies in the Metals & Mining 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 a Metals & Mining company?
A good Pre-Tax Income depends on the Metals & Mining 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 B2Gold and its competitors. B2Gold's current Pre-Tax Income is C$2,325 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B2Gold stock overvalued right now?
Based on GuruFocus' analysis, B2Gold (TSX:BTO) is currently considered Fairly Valued. The stock's GF Value™ is C$7.03, compared to a current price of C$7.65 — trading 8.8% above its estimated fair value. The current Pre-Tax Income is C$2,325 Mil. B2Gold's overall GF Score™ is 87/100 with 5 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 B2Gold (TSX:BTO), the current Pre-Tax Income is C$2,325 Mil as of Jun. 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 B2Gold (TSX:BTO) Overvalued in 2026?

Based on GuruFocus' analysis, B2Gold stock appears to be overvalued. The current stock price of C$7.65 is trading 8.8% above its estimated GF Value™ of C$7.03. GuruFocus considers B2Gold to be Fairly Valued.

Key valuation signals for TSX:BTO:

  • Pre-Tax Income: C$2,325 Mil
  • GF Value™: C$7.03 vs. price of C$7.65 (8.8% above fair value)
  • GF Score™: 87/100 with 5 warning signs

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


B2Gold Business Description

Address 666 Burrard Street, Park Place, Suite 3400, Vancouver, BC, CAN, V6C 2X8
B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other assets include the Gramalote gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; the Goose Project, and other mineral properties; and corporate and other.
87GF Score

Get the complete analysis for TSX:BTO

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

C$7.65
Price
C$7.03
GF Value