• 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.
• IBM average operating margin for 2021 was 8.66%, a 2.81% 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.