• Zscaler average operating margin for 2023 was -16.89%, a 43.7% decline from 2022.
• Zscaler average operating margin for 2022 was -30%, a 2.88% decline from 2021.
• Zscaler average operating margin for 2021 was -30.89%, a 30.95% 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.