• Brown & Brown average ebitda margin for 2023 was 33.43%, a 2.7% increase from 2022.
• Brown & Brown average ebitda margin for 2022 was 32.55%, a 1.21% increase from 2021.
• Brown & Brown average ebitda margin for 2021 was 32.16%, a 2.91% increase from 2020.

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