• Warner Music Group average operating margin for 2023 was 12.88%, a 7.87% decline from 2022.
• Warner Music Group average operating margin for 2022 was 11.94%, a 36.3% increase from 2021.
• Warner Music Group average operating margin for 2021 was 8.76%, a 406.29% 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.