• MarketAxess Holdings average ebitda margin for 2023 was 52.66%, a 4.27% decline from 2022.
• MarketAxess Holdings average ebitda margin for 2022 was 55.01%, a 5.33% decline from 2021.
• MarketAxess Holdings average ebitda margin for 2021 was 58.11%, a 2.43% decline from 2020.

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