• Zillow average operating margin for 2023 was -12.27%, a 668.06% decline from 2022.
• Zillow average operating margin for 2022 was 2.16%, a 68.74% decline from 2021.
• Zillow average operating margin for 2021 was 6.91%, a 206.14% decline 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.