• Cloudflare average operating margin for 2023 was -16.95%, a 17.28% decline from 2022.
• Cloudflare average operating margin for 2022 was -20.49%, a 2.96% decline from 2021.
• Cloudflare average operating margin for 2021 was -19.9%, a 39.53% 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.