• Zscaler average ebitda margin for 2023 was -3.83%, a 70.31% decline from 2022.
• Zscaler average ebitda margin for 2022 was -12.9%, a 1.42% decline from 2021.
• Zscaler average ebitda margin for 2021 was -12.72%, a 7.61% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.