• BlackRock average ebitda margin for 2023 was 37.27%, a 6.43% increase from 2022.
• BlackRock average ebitda margin for 2022 was 39.83%, a 2.78% decline from 2021.
• BlackRock average ebitda margin for 2021 was 40.97%, a 13.21% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.