• Lloyds Banking Group average operating margin for 2023 was 30.34%, a 83.45% decline from 2022.
• Lloyds Banking Group average operating margin for 2022 was 183.32%, a 297.22% decline from 2021.
• Lloyds Banking Group average operating margin for 2021 was -92.95%, a 81.4% 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.