• Walmart average ebitda margin for 2023 was 5.34%, a 9.49% increase from 2022.
• Walmart average ebitda margin for 2022 was 5.9%, a 5.9% decline from 2021.
• Walmart average ebitda margin for 2021 was 6.27%, a 4.15% decline from 2020.

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