• Medpace Holdings average operating margin for 2023 was 18.57%, a 0.98% increase from 2022.
• Medpace Holdings average operating margin for 2022 was 18.39%, a 0.88% increase from 2021.
• Medpace Holdings average operating margin for 2021 was 18.23%, a 12.32% 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.