• Banco Santander Chile average operating margin for 2023 was 11.72%, a 58.47% increase from 2022.
• Banco Santander Chile average operating margin for 2022 was 28.22%, a 10.44% decline from 2021.
• Banco Santander Chile average operating margin for 2021 was 31.51%, a 22.13% decline 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.