• Raymond James Financial average ebitda margin for 2023 was 21.91%, a 6% decline from 2022.
• Raymond James Financial average ebitda margin for 2022 was 20.67%, a 7.6% increase from 2021.
• Raymond James Financial average ebitda margin for 2021 was 19.21%, a 3.5% increase from 2020.

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