• Dillard's average operating margin for 2024 was 12.59%, a 16.18% decline from 2023.
• Dillard's average operating margin for 2023 was 15.02%, a 13.97% decline from 2022.
• Dillard's average operating margin for 2022 was 17.46%, a 138.85% decline from 2021.

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.