• Wells Fargo average operating margin for 2023 was 18.82%, a 31.86% decline from 2022.
• Wells Fargo average operating margin for 2022 was 27.62%, a 3.64% decline from 2021.
• Wells Fargo average operating margin for 2021 was 26.65%, a 204.57% increase 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.