Grupo Financiero Banorte SAB De CV Operating Margin 2010-2022 | GBOOY
- Grupo Financiero Banorte SAB De CV average operating margin for 2021 was 9.36%, a 36.5% increase from 2020.
- Grupo Financiero Banorte SAB De CV average operating margin for 2020 was 14.74%, a 21.01% decline from 2019.
- Grupo Financiero Banorte SAB De CV average operating margin for 2019 was 18.66%, a 55.76% decline from 2018.
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.