• T Rowe Price average operating margin for 2023 was 30.38%, a 30.26% increase from 2022.
• T Rowe Price average operating margin for 2022 was 43.56%, a 7.56% decline from 2021.
• T Rowe Price average operating margin for 2021 was 47.12%, a 7.53% 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.