• Mastercard average operating margin for 2023 was 55.64%, a 1.26% decline from 2022.
• Mastercard average operating margin for 2022 was 54.95%, a 4.53% increase from 2021.
• Mastercard average operating margin for 2021 was 52.57%, a 3.96% increase 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.