• JPMorgan Chase average operating margin for 2023 was 28.05%, a 20.58% decline from 2022.
• JPMorgan Chase average operating margin for 2022 was 35.32%, a 22.03% decline from 2021.
• JPMorgan Chase average operating margin for 2021 was 45.3%, a 81.13% 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.