• Fortinet average operating margin for 2023 was 23.4%, a 16.77% increase from 2022.
• Fortinet average operating margin for 2022 was 20.04%, a 2.82% increase from 2021.
• Fortinet average operating margin for 2021 was 19.49%, a 0.36% 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.