• Eli Lilly average operating margin for 2024 was 24.84%, a 6.56% increase from 2023.
• Eli Lilly average operating margin for 2023 was 23.31%, a 7.76% increase from 2022.
• Eli Lilly average operating margin for 2022 was 25.27%, a 12.96% decline from 2021.

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.