• Tapestry average operating margin for 2023 was 17.55%, a 1.98% decline from 2022.
• Tapestry average operating margin for 2022 was 17.21%, a 13.52% increase from 2021.
• Tapestry average operating margin for 2021 was 15.16%, a 306.82% 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.