• Nokia average operating margin for 2023 was 8.64%, a 7% decline from 2022.
• Nokia average operating margin for 2022 was 9.29%, a 16.71% decline from 2021.
• Nokia average operating margin for 2021 was 7.96%, a 66.88% 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.