• Universal Health Services average operating margin for 2023 was 7.95%, a 6.25% increase from 2022.
• Universal Health Services average operating margin for 2022 was 8.48%, a 27.71% decline from 2021.
• Universal Health Services average operating margin for 2021 was 11.73%, a 9.63% 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.