• Genmab average pre-tax profit margin for 2023 was 36.62%, a 24.48% decline from 2022.
• Genmab average pre-tax profit margin for 2022 was 48.49%, a 3.52% decline from 2021.
• Genmab average pre-tax profit margin for 2021 was 50.26%, a 13.31% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.