• Medtronic average operating margin for 2024 was 16.41%, a 7.55% increase from 2023.
• Medtronic average operating margin for 2023 was 17.75%, a 4.62% decline from 2022.
• Medtronic average operating margin for 2022 was 18.61%, a 28.79% 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.