• S&P Global average pre-tax profit margin for 2023 was 29.48%, a 41.68% increase from 2022.
• S&P Global average pre-tax profit margin for 2022 was 50.55%, a 7.87% decline from 2021.
• S&P Global average pre-tax profit margin for 2021 was 46.86%, a 1.28% increase from 2020.

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