• Dolby Laboratories average operating margin for 2023 was 18%, a 3.99% decline from 2022.
• Dolby Laboratories average operating margin for 2022 was 17.31%, a 30.95% increase from 2021.
• Dolby Laboratories average operating margin for 2021 was 25.07%, a 18.14% 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.