• Visa average operating margin for 2023 was 64.46%, a 0.23% increase from 2022.
• Visa average operating margin for 2022 was 64.61%, a 0.37% decline from 2021.
• Visa average operating margin for 2021 was 64.85%, a 0.31% 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.