• Popular average pre-tax profit margin for 2023 was 25.06%, a 37.65% decline from 2022.
• Popular average pre-tax profit margin for 2022 was 40.19%, a 1.62% decline from 2021.
• Popular average pre-tax profit margin for 2021 was 40.85%, a 82.61% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.