• Paylocity Holding average operating margin for 2023 was 14.16%, a 52.75% increase from 2022.
• Paylocity Holding average operating margin for 2022 was 9.27%, a 1.76% increase from 2021.
• Paylocity Holding average operating margin for 2021 was 9.11%, a 20.92% 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.