• Shopify average operating margin for 2023 was -25.4%, a 227.74% decline from 2022.
• Shopify average operating margin for 2022 was -7.75%, a 192.04% increase from 2021.
• Shopify average operating margin for 2021 was 8.42%, a 309.98% 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.