• XPO average operating margin for 2023 was 4.69%, a 3.7% increase from 2022.
• XPO average operating margin for 2022 was 4.87%, a 14.59% decline from 2021.
• XPO average operating margin for 2021 was 4.25%, a 110.4% 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.