• MarketAxess Holdings average ebitda margin for 2023 was 53.38%, a 3.52% decline from 2022.
• MarketAxess Holdings average ebitda margin for 2022 was 55.33%, a 6.28% decline from 2021.
• MarketAxess Holdings average ebitda margin for 2021 was 59.04%, a 0.63% decline from 2020.

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