• Credicorp average operating margin for 2023 was 33.01%, a 17.97% decline from 2022.
• Credicorp average operating margin for 2022 was 40.24%, a 106.25% decline from 2021.
• Credicorp average operating margin for 2021 was 19.51%, a 57.09% 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.