• Corpay average ebitda margin for 2023 was 52.51%, a 0.52% increase from 2022.
• Corpay average ebitda margin for 2022 was 52.24%, a 5.77% increase from 2021.
• Corpay average ebitda margin for 2021 was 55.44%, a 6.7% decline from 2020.

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