• Q2 Holdings average operating margin for 2023 was -16.32%, a 2.16% decline from 2022.
• Q2 Holdings average operating margin for 2022 was -16.68%, a 6.03% decline from 2021.
• Q2 Holdings average operating margin for 2021 was -17.75%, a 28.97% 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.