• 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.
• Dillard's average operating margin for 2021 was 7.31%, a 662.31% 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.