• Netflix average operating margin for 2023 was 18.33%, a 2.91% increase from 2022.
• Netflix average operating margin for 2022 was 18.88%, a 13.04% decline from 2021.
• Netflix average operating margin for 2021 was 21.71%, a 30.39% decline 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.