• Cisco average operating margin for 2023 was 26.38%, a 2.69% decline from 2022.
• Cisco average operating margin for 2022 was 27.11%, a 3.99% decline from 2021.
• Cisco average operating margin for 2021 was 26.07%, a 4.47% 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.