• Best Buy average operating margin for 2023 was 3.72%, a 26.04% increase from 2022.
• Best Buy average operating margin for 2022 was 5.03%, a 13.13% decline from 2021.
• Best Buy average operating margin for 2021 was 5.79%, a 21.13% decline 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.