• Exelixis average operating margin for 2023 was 7.21%, a 64.5% increase from 2022.
• Exelixis average operating margin for 2022 was 20.31%, a 65.39% decline from 2021.
• Exelixis average operating margin for 2021 was 12.28%, a 48.27% 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.