• Coty average operating margin for 2023 was 9.01%, a 45.32% increase from 2022.
• Coty average operating margin for 2022 was 6.2%, a 233.05% increase from 2021.
• Coty average operating margin for 2021 was -4.66%, a 86.84% 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.