• Intercontinental Exchange average operating margin for 2023 was 48.55%, a 1.76% decline from 2022.
• Intercontinental Exchange average operating margin for 2022 was 49.42%, a 3.07% decline from 2021.
• Intercontinental Exchange average operating margin for 2021 was 47.95%, a 7.13% 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.