• Walmart average operating margin for 2023 was 3.55%, a 12.78% increase from 2022.
• Walmart average operating margin for 2022 was 4.07%, a 6% decline from 2021.
• Walmart average operating margin for 2021 was 4.33%, a 9.34% 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.