• Tradeweb Markets average ebitda margin for 2023 was 50.61%, a 1.77% increase from 2022.
• Tradeweb Markets average ebitda margin for 2022 was 49.73%, a 2.58% increase from 2021.
• Tradeweb Markets average ebitda margin for 2021 was 48.48%, a 5.53% increase from 2020.

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