• Okta average gross margin for 2023 was 72.05%, a 4.25% increase from 2022.
• Okta average gross margin for 2022 was 69.11%, a 4.77% increase from 2021.
• Okta average gross margin for 2021 was 72.57%, a 1.17% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.