• Gap average operating margin for 2023 was 1.03%, a 37.2% increase from 2022.
• Gap average operating margin for 2022 was 1.64%, a 28.07% decline from 2021.
• Gap average operating margin for 2021 was 2.28%, a 144.44% decline 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.