• Synovus Financial average operating margin for 2023 was 28.66%, a 33.27% decline from 2022.
• Synovus Financial average operating margin for 2022 was 42.95%, a 6.31% decline from 2021.
• Synovus Financial average operating margin for 2021 was 40.4%, a 72.65% 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.