• Axon Enterprise average gross margin for 2023 was 61.04%, a 0.83% decline from 2022.
• Axon Enterprise average gross margin for 2022 was 61.55%, a 1.2% decline from 2021.
• Axon Enterprise average gross margin for 2021 was 62.3%, a 4.9% decline 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.