• Broadcom average operating margin for 2023 was 44.92%, a 15.89% decline from 2022.
• Broadcom average operating margin for 2022 was 38.76%, a 47.88% increase from 2021.
• Broadcom average operating margin for 2021 was 26.21%, a 66.84% 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.