• BXP average operating margin for 2023 was 32.21%, a 5.82% decline from 2022.
• BXP average operating margin for 2022 was 34.2%, a 5.07% decline from 2021.
• BXP average operating margin for 2021 was 32.55%, a 11.72% 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.