• HealthEquity average operating margin for 2023 was 5.55%, a 240.51% increase from 2022.
• HealthEquity average operating margin for 2022 was -3.95%, a 263.22% decline from 2021.
• HealthEquity average operating margin for 2021 was 2.42%, a 74.87% 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.