• Telefonica SA average ebitda margin for 2023 was 8.95%, a 23.89% decline from 2022.
• Telefonica SA average ebitda margin for 2022 was 11.76%, a 2.8% decline from 2021.
• Telefonica SA average ebitda margin for 2021 was 11.44%, a 35.87% increase from 2020.

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