• Nice average operating margin for 2023 was 17.05%, a 18.4% increase from 2022.
• Nice average operating margin for 2022 was 14.4%, a 0.21% increase from 2021.
• Nice average operating margin for 2021 was 14.37%, a 5.65% 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.