• AB Volvo average operating margin for 2023 was 11.23%, a 11.85% increase from 2022.
• AB Volvo average operating margin for 2022 was 10.04%, a 11.07% increase from 2021.
• AB Volvo average operating margin for 2021 was 11.29%, a 36.52% 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.