• BXP average pre-tax profit margin for 2023 was 18.41%, a 37.97% decline from 2022.
• BXP average pre-tax profit margin for 2022 was 29.68%, a 62.9% decline from 2021.
• BXP average pre-tax profit margin for 2021 was 18.22%, a 53.13% increase from 2020.

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