ABB Gross Margin 2010-2024 | ABBNY
- ABB average gross margin for 2023 was 34.32%, a 5.44% increase from 2022.
- ABB average gross margin for 2022 was 32.55%, a 2.65% increase from 2021.
- ABB average gross margin for 2021 was 31.71%, a 2.59% increase from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.