• Goldman Sachs average ebitda margin for 2023 was 33.2%, a 18.21% increase from 2022.
• Goldman Sachs average ebitda margin for 2022 was 40.59%, a 13.73% decline from 2021.
• Goldman Sachs average ebitda margin for 2021 was 47.05%, a 69.06% decline from 2020.

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