• Block average ebitda margin for 2023 was -3.41%, a 81.38% decline from 2022.
• Block average ebitda margin for 2022 was -1.88%, a 176.42% increase from 2021.
• Block average ebitda margin for 2021 was 2.46%, a 241.67% decline from 2020.

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