• Walgreens average operating margin for 2023 was -4.04%, a 848.15% increase from 2022.
• Walgreens average operating margin for 2022 was 0.54%, a 62.24% decline from 2021.
• Walgreens average operating margin for 2021 was 1.43%, a 21.19% 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.