• Barclays average operating margin for 2023 was 28.88%, a 6.33% decline from 2022.
• Barclays average operating margin for 2022 was 30.83%, a 0.33% decline from 2021.
• Barclays average operating margin for 2021 was 30.73%, a 114.15% 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.