• 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.
• Five Below average operating margin for 2021 was 11.73%, a 41.67% 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.