• CVS Health average operating margin for 2023 was 3.03%, a 9.82% decline from 2022.
• CVS Health average operating margin for 2022 was 3.36%, a 30.72% decline from 2021.
• CVS Health average operating margin for 2021 was 4.85%, a 6.91% 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.