• Freedom Holding average ebitda margin for 2023 was 61%, a 3.21% decline from 2022.
• Freedom Holding average ebitda margin for 2022 was 59.1%, a 0.51% increase from 2021.
• Freedom Holding average ebitda margin for 2021 was 58.8%, a 9.56% increase from 2020.

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