• UPS average operating margin for 2024 was 8.88%, a 21.49% increase from 2023.
• UPS average operating margin for 2023 was 11.31%, a 15.79% decline from 2022.
• UPS average operating margin for 2022 was 13.43%, a 15.48% decline from 2021.

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.