• Cboe Global Markets average operating margin for 2023 was 23.11%, a 53.55% increase from 2022.
• Cboe Global Markets average operating margin for 2022 was 15.05%, a 26.12% increase from 2021.
• Cboe Global Markets average operating margin for 2021 was 20.37%, a 1.55% 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.