• Franklin Resources average operating margin for 2023 was 14.43%, a 32.48% decline from 2022.
• Franklin Resources average operating margin for 2022 was 21.37%, a 5.32% decline from 2021.
• Franklin Resources average operating margin for 2021 was 20.29%, a 5.14% 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.