• Recruit Holdings average ebitda margin for 2023 was 13.75%, a 14.44% increase from 2022.
• Recruit Holdings average ebitda margin for 2022 was 16.07%, a 5.38% decline from 2021.
• Recruit Holdings average ebitda margin for 2021 was 15.25%, a 25% increase from 2020.

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