• Las Vegas Sands average operating margin for 2023 was 11.34%, a 153.82% increase from 2022.
• Las Vegas Sands average operating margin for 2022 was -21.07%, a 23.35% decline from 2021.
• Las Vegas Sands average operating margin for 2021 was -27.49%, a 273.51% 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.