• CyberArk Software average operating margin for 2023 was -21.12%, a 7.93% decline from 2022.
• CyberArk Software average operating margin for 2022 was -22.94%, a 175.39% decline from 2021.
• CyberArk Software average operating margin for 2021 was -8.33%, a 243.62% 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.