• Nasdaq average operating margin for 2023 was 25.69%, a 0.75% decline from 2022.
• Nasdaq average operating margin for 2022 was 25.5%, a 8.23% increase from 2021.
• Nasdaq average operating margin for 2021 was 23.56%, a 6.37% 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.