• SPS Commerce average operating margin for 2023 was 14.77%, a 4.22% decline from 2022.
• SPS Commerce average operating margin for 2022 was 15.42%, a 0.85% decline from 2021.
• SPS Commerce average operating margin for 2021 was 15.29%, a 2.05% 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.