• Toyota average operating margin for 2023 was 9.17%, a 15.2% increase from 2022.
• Toyota average operating margin for 2022 was 7.96%, a 19.92% increase from 2021.
• Toyota average operating margin for 2021 was 9.94%, a 43.64% decline 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.