• Globant S.A average operating margin for 2023 was 10.13%, a 13.49% decline from 2022.
• Globant S.A average operating margin for 2022 was 11.71%, a 6.45% decline from 2021.
• Globant S.A average operating margin for 2021 was 11%, a 0.45% 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.