• Snap average pre-tax profit margin for 2023 was -29.29%, a 39.81% decline from 2022.
• Snap average pre-tax profit margin for 2022 was -20.95%, a 2.34% increase from 2021.
• Snap average pre-tax profit margin for 2021 was -20.47%, a 58.9% increase from 2020.

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