• Equifax average net profit margin for 2023 was 10.6%, a 25.56% decline from 2022.
• Equifax average net profit margin for 2022 was 14.24%, a 3.52% decline from 2021.
• Equifax average net profit margin for 2021 was 14.76%, a 43.02% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.