• Mastercard average ebitda margin for 2023 was 65.43%, a 0.56% decline from 2022.
• Mastercard average ebitda margin for 2022 was 65.8%, a 3.01% decline from 2021.
• Mastercard average ebitda margin for 2021 was 63.88%, a 1.28% increase from 2020.

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