• Jefferies Financial Group average operating margin for 2023 was 23.86%, a 29.62% decline from 2022.
• Jefferies Financial Group average operating margin for 2022 was 33.9%, a 1.45% decline from 2021.
• Jefferies Financial Group average operating margin for 2021 was 34.4%, a 72.52% 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.