• Western Alliance Bancorporation average operating margin for 2023 was 28.54%, a 41.14% decline from 2022.
• Western Alliance Bancorporation average operating margin for 2022 was 48.49%, a 14.54% decline from 2021.
• Western Alliance Bancorporation average operating margin for 2021 was 56.74%, a 34.11% 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.