• HP average operating margin for 2023 was 6.2%, a 21.72% increase from 2022.
• HP average operating margin for 2022 was 7.92%, a 3.66% decline from 2021.
• HP average operating margin for 2021 was 7.64%, a 21.85% 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.