• IBM average operating margin for 2024 was 13.67%, a 5.48% increase from 2023.
• IBM average operating margin for 2023 was 12.96%, a 9.46% increase from 2022.
• IBM average operating margin for 2022 was 11.84%, a 36.72% increase 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.