Coalesce Operator (??) in Power Query
The ?? (coalesce operator) can help us replace missing data (‘null’ values) with something else. When performing calculations, a common requirement is to provide a default value instead of null. Null is a special case that represents the absence of a value and is different from zero.
Syntax
If the return value in Value is null then it should return FallbackValue, else Value is returned.
Example: Let’s first handle the null value with the if and else function in Power Query.
Power Query M
let MyTable = Table.FromRecords( { [CustomerID = 1, Name = "Ashish", Salary = 4567], [CustomerID = 2, Name = "Katrina", Salary = 9875], [CustomerID = 3, Name = "Alia", Salary = null], [CustomerID = 4, Name = "Vicky", Salary = 8479], [CustomerID = 5, Name = "Mohini", Salary = 0], [CustomerID = 6, Name = "Meenakshi", Salary = 5746], [CustomerID = 7, Name = "Esha", Salary = null], [CustomerID = 8, Name = "Anjali", Salary = 5864] } ), Return = Table.AddColumn( MyTable, "Salary Status", each if _[Salary] = null then "Salary Not Found" else _[Salary] ) in Return
The output of the above code is shown in the image below:

The above power query by using the coalesce-operator can be rewritten as follows:
Power Query M
let MyTable = Table.FromRecords( { [CustomerID = 1, Name = "Ashish", Salary = 4567], [CustomerID = 2, Name = "Katrina", Salary = 9875], [CustomerID = 3, Name = "Alia", Salary = null], [CustomerID = 4, Name = "Vicky", Salary = 8479], [CustomerID = 5, Name = "Mohini", Salary = 0], [CustomerID = 6, Name = "Meenakshi", Salary = 5746], [CustomerID = 7, Name = "Esha", Salary = null], [CustomerID = 8, Name = "Anjali", Salary = 5864] } ), Return = Table.AddColumn(MyTable, "Salary Status", each _[Salary] ?? "Salary Not Found") in Return
The output of the above code is shown in the image below:

We can see using the coalesce operator makes the code shorter and more readable.