• Nasdaq average operating margin for 2023 was 26.07%, a 2.72% decline from 2022.
• Nasdaq average operating margin for 2022 was 25.38%, a 4.92% increase from 2021.
• Nasdaq average operating margin for 2021 was 24.19%, a 8.91% 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.