• Fiserv average ebitda margin for 2023 was 40.77%, a 10.85% increase from 2022.
• Fiserv average ebitda margin for 2022 was 36.78%, a 7.26% increase from 2021.
• Fiserv average ebitda margin for 2021 was 34.29%, a 1.48% increase from 2020.

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