• ABB average operating margin for 2023 was 14.2%, a 15.38% increase from 2022.
• ABB average operating margin for 2022 was 16.78%, a 33.71% decline from 2021.
• ABB average operating margin for 2021 was 12.55%, a 70.75% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.