• Macro Bank average gross margin for 2023 was 59.87%, a 9.43% increase from 2022.
• Macro Bank average gross margin for 2022 was 66.1%, a 1.16% decline from 2021.
• Macro Bank average gross margin for 2021 was 65.34%, a 1.57% 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.