• Verizon average operating margin for 2023 was 20.87%, a 10.16% decline from 2022.
• Verizon average operating margin for 2022 was 23.23%, a 1.65% decline from 2021.
• Verizon average operating margin for 2021 was 23.62%, a 6.25% 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.