• Varonis Systems average operating margin for 2023 was -24.28%, a 11.77% decline from 2022.
• Varonis Systems average operating margin for 2022 was -27.52%, a 9.55% decline from 2021.
• Varonis Systems average operating margin for 2021 was -25.12%, a 19.67% 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.