• FedEx average ebitda margin for 2023 was 10.54%, a 1.5% increase from 2022.
• FedEx average ebitda margin for 2022 was 10.7%, a 3.52% decline from 2021.
• FedEx average ebitda margin for 2021 was 11.09%, a 11.23% decline from 2020.

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