• Axon Enterprise average gross margin for 2024 was 59.88%, a 1.93% increase from 2023.
• Axon Enterprise average gross margin for 2023 was 61.06%, a 0.75% decline from 2022.
• Axon Enterprise average gross margin for 2022 was 61.52%, a 1.25% decline from 2021.

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.