• Willis Towers Watson Public average ebitda margin for 2023 was 19.96%, a 21.42% decline from 2022.
• Willis Towers Watson Public average ebitda margin for 2022 was 25.4%, a 6.81% decline from 2021.
• Willis Towers Watson Public average ebitda margin for 2021 was 23.78%, a 15.55% increase from 2020.

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