• Elevance Health average operating margin for 2023 was 5.33%, a 8.26% increase from 2022.
• Elevance Health average operating margin for 2022 was 5.81%, a 1.4% decline from 2021.
• Elevance Health average operating margin for 2021 was 5.73%, a 12.25% 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.