• Affiliated Managers average operating margin for 2023 was 31.27%, a 13.67% increase from 2022.
• Affiliated Managers average operating margin for 2022 was 36.22%, a 3.22% decline from 2021.
• Affiliated Managers average operating margin for 2021 was 35.09%, a 20.54% 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.