• Toronto Dominion Bank average operating margin for 2023 was 18.21%, a 44.67% decline from 2022.
• Toronto Dominion Bank average operating margin for 2022 was 32.91%, a 5.99% decline from 2021.
• Toronto Dominion Bank average operating margin for 2021 was 31.05%, a 43.42% 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.