• S&P Global average net profit margin for 2023 was 21.04%, a 40.62% increase from 2022.
• S&P Global average net profit margin for 2022 was 35.43%, a 5.32% decline from 2021.
• S&P Global average net profit margin for 2021 was 33.64%, a 0.21% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.