• Zalando average ebitda margin for 2023 was 4.81%, a 12.65% increase from 2022.
• Zalando average ebitda margin for 2022 was 4.27%, a 42.99% increase from 2021.
• Zalando average ebitda margin for 2021 was 7.49%, a 72.98% decline from 2020.

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