• Incyte average operating margin for 2023 was 14.24%, a 25.72% decline from 2022.
• Incyte average operating margin for 2022 was 19.17%, a 2.19% decline from 2021.
• Incyte average operating margin for 2021 was 18.76%, a 259.39% 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.