• Descartes Systems Group average ebitda margin for 2023 was 39.1%, a 1.59% decline from 2022.
• Descartes Systems Group average ebitda margin for 2022 was 39.73%, a 2.08% decline from 2021.
• Descartes Systems Group average ebitda margin for 2021 was 38.92%, a 7.66% increase from 2020.

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