• Voya Financial average operating margin for 2023 was 8.53%, a 51.92% increase from 2022.
• Voya Financial average operating margin for 2022 was 17.74%, a 67.69% decline from 2021.
• Voya Financial average operating margin for 2021 was 54.9%, a 1464.1% 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.