• Equinix average ebitda margin for 2023 was 40.65%, a 0.85% decline from 2022.
• Equinix average ebitda margin for 2022 was 41%, a 2.31% decline from 2021.
• Equinix average ebitda margin for 2021 was 41.97%, a 2.3% decline from 2020.

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