• Nasdaq average ebitda margin for 2023 was 30.22%, a 0.53% increase from 2022.
• Nasdaq average ebitda margin for 2022 was 30.06%, a 8.48% increase from 2021.
• Nasdaq average ebitda margin for 2021 was 27.71%, a 6.58% increase from 2020.

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