• Truist Financial average operating margin for 2023 was 19.78%, a 44.5% decline from 2022.
• Truist Financial average operating margin for 2022 was 35.64%, a 3.1% decline from 2021.
• Truist Financial average operating margin for 2021 was 34.57%, a 37.07% 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.