• Canon average operating margin for 2023 was 8.72%, a 3.07% increase from 2022.
• Canon average operating margin for 2022 was 8.46%, a 22.25% increase from 2021.
• Canon average operating margin for 2021 was 6.92%, a 94.38% 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.