• Banco Santander Brasil SA average operating margin for 2023 was 37.96%, a 17.55% decline from 2022.
• Banco Santander Brasil SA average operating margin for 2022 was 46.04%, a 12.8% decline from 2021.
• Banco Santander Brasil SA average operating margin for 2021 was 52.8%, a 53% 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.