• Abbott Laboratories average gross margin for 2023 was 55.18%, a 3.35% increase from 2022.
• Abbott Laboratories average gross margin for 2022 was 57.09%, a 0.88% decline from 2021.
• Abbott Laboratories average gross margin for 2021 was 56.59%, a 1.31% 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.