• Charles Schwab average operating margin for 2023 was 46.28%, a 4.1% decline from 2022.
• Charles Schwab average operating margin for 2022 was 48.26%, a 5.46% decline from 2021.
• Charles Schwab average operating margin for 2021 was 45.76%, a 2.72% 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.