According to IDP Education's latest financial reports and stock price the company's current Operating Margin is 21.11%. At the end of 2023 the company had an Operating Margin of 21.11%.
Year | Operating Margin | Change |
---|---|---|
2023 | 21.11% | 10.1% |
2022 | 19.18% | 72.26% |
2021 | 11.13% | -36.28% |
2020 | 17.47% | 9.57% |
2019 | 15.95% | 5.15% |
2018 | 15.16% | -2.12% |
2017 | 15.49% | 2.44% |
2016 | 15.12% |
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.