• IBM average ebitda margin for 2023 was 20.27%, a 2.55% increase from 2022.
• IBM average ebitda margin for 2022 was 20.8%, a 6.77% decline from 2021.
• IBM average ebitda margin for 2021 was 22.31%, a 8.2% decline from 2020.

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