| Operating Margin |
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EXAMPLE Citigroup In the example of Citigroup, Inc. 2003:
income / net revenue 26,333/77,442=0.34, the operating margin is 34%. Without "benefits, claims and credit losses":
(net revenue - operating expenses) / net revenue 38,274/77,442=0.49, the operating margin is 49%. SEE ALSO EXTERNAL LINKS Example
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