• BXP average ebitda margin for 2023 was 57.33%, a 1.85% decline from 2022.
• BXP average ebitda margin for 2022 was 58.41%, a 1.13% decline from 2021.
• BXP average ebitda margin for 2021 was 57.76%, a 4.92% increase from 2020.

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