• Arrow Electronics average gross margin for 2023 was 12.71%, a 2.16% decline from 2022.
• Arrow Electronics average gross margin for 2022 was 12.99%, a 12.96% decline from 2021.
• Arrow Electronics average gross margin for 2021 was 11.5%, a 2.4% 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.