• Etsy average operating margin for 2023 was -7.9%, a 62.89% decline from 2022.
• Etsy average operating margin for 2022 was -4.85%, a 120.91% increase from 2021.
• Etsy average operating margin for 2021 was 23.19%, a 30.72% 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.