• Verizon average pre-tax profit margin for 2023 was 18.76%, a 7.54% decline from 2022.
• Verizon average pre-tax profit margin for 2022 was 20.29%, a 3.29% decline from 2021.
• Verizon average pre-tax profit margin for 2021 was 20.98%, a 21.34% decline from 2020.

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