• Nasdaq average pre-tax profit margin for 2023 was 23.7%, a 3.81% decline from 2022.
• Nasdaq average pre-tax profit margin for 2022 was 24.64%, a 0.08% decline from 2021.
• Nasdaq average pre-tax profit margin for 2021 was 24.66%, a 12.86% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.