• NetApp average operating margin for 2023 was 15.62%, a 16.96% increase from 2022.
• NetApp average operating margin for 2022 was 18.81%, a 2.56% decline from 2021.
• NetApp average operating margin for 2021 was 18.34%, 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.