• Zillow average ebitda margin for 2023 was -0.64%, a 104.29% decline from 2022.
• Zillow average ebitda margin for 2022 was 14.91%, a 1.57% decline from 2021.
• Zillow average ebitda margin for 2021 was 14.68%, a 1712.35% increase from 2020.

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