• Yum! Brands average operating margin for 2023 was 32.16%, a 1.77% increase from 2022.
• Yum! Brands average operating margin for 2022 was 31.6%, a 1.89% increase from 2021.
• Yum! Brands average operating margin for 2021 was 32.21%, a 12.62% 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.