• Bath & Body Works average operating margin for 2023 was 17.1%, a 27.57% increase from 2022.
• Bath & Body Works average operating margin for 2022 was 23.61%, a 9.92% decline from 2021.
• Bath & Body Works average operating margin for 2021 was 21.48%, a 19627.27% 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.