• New Oriental Education & Technology average operating margin for 2023 was 6.66%, a 193.8% increase from 2022.
• New Oriental Education & Technology average operating margin for 2022 was -7.1%, a 311.94% decline from 2021.
• New Oriental Education & Technology average operating margin for 2021 was 3.35%, a 66.02% 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.