• Tencent Holding average operating margin for 2023 was 38.93%, a 8.59% decline from 2022.
• Tencent Holding average operating margin for 2022 was 42.59%, a 0.31% decline from 2021.
• Tencent Holding average operating margin for 2021 was 42.46%, a 29.29% 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.