• Workiva average operating margin for 2023 was -17.98%, a 31.15% decline from 2022.
• Workiva average operating margin for 2022 was -13.71%, a 106.17% increase from 2021.
• Workiva average operating margin for 2021 was -6.65%, a 52.84% 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.