• Genmab average operating margin for 2023 was 37.63%, a 1.84% decline from 2022.
• Genmab average operating margin for 2022 was 36.95%, a 18.16% increase from 2021.
• Genmab average operating margin for 2021 was 45.15%, a 27.18% 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.