• Herc Holdings average operating margin for 2023 was 20.38%, a 5.27% increase from 2022.
• Herc Holdings average operating margin for 2022 was 19.36%, a 24.5% increase from 2021.
• Herc Holdings average operating margin for 2021 was 15.55%, a 35.69% 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.