• Manhattan Associates average operating margin for 2023 was 21.53%, a 9.57% increase from 2022.
• Manhattan Associates average operating margin for 2022 was 19.65%, a 2.96% increase from 2021.
• Manhattan Associates average operating margin for 2021 was 20.25%, a 8.75% 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.