• Five Below average operating margin for 2024 was 10%, a 7.15% decline from 2023.
• Five Below average operating margin for 2023 was 10.77%, a 9.11% decline from 2022.
• Five Below average operating margin for 2022 was 11.85%, a 1.02% 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.