• Royal Bank Of Canada average operating margin for 2023 was 19.73%, a 42.31% decline from 2022.
• Royal Bank Of Canada average operating margin for 2022 was 34.2%, a 7.41% decline from 2021.
• Royal Bank Of Canada average operating margin for 2021 was 31.84%, a 40.08% 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.