• UnitedHealth Group average ebitda margin for 2023 was 9.84%, a 3.8% decline from 2022.
• UnitedHealth Group average ebitda margin for 2022 was 9.48%, a 1.28% increase from 2021.
• UnitedHealth Group average ebitda margin for 2021 was 9.36%, a 7.87% increase from 2020.

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