• Ericsson average operating margin for 2023 was 0.34%, a 97.23% increase from 2022.
• Ericsson average operating margin for 2022 was 12.26%, a 6.13% decline from 2021.
• Ericsson average operating margin for 2021 was 13.06%, a 70.27% 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.