• Cisco average operating margin for 2024 was 23.54%, a 10.77% decline from 2023.
• 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.

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.