• Siemens AG average operating margin for 2023 was 13.09%, a 13.43% decline from 2022.
• Siemens AG average operating margin for 2022 was 11.54%, a 4.62% increase from 2021.
• Siemens AG average operating margin for 2021 was 11.03%, a 25.63% 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.