• Fannie Mae average operating margin for 2024 was 14.62%, a 9.6% decline from 2023.
• Fannie Mae average operating margin for 2023 was 13.34%, a 32.73% increase from 2022.
• Fannie Mae average operating margin for 2022 was 19.83%, a 21.71% 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.