• Confluent average gross margin for 2023 was 68.32%, a 6.7% increase from 2022.
• Confluent average gross margin for 2022 was 64.03%, a 4.42% increase from 2021.
• Confluent average gross margin for 2021 was 66.99%, a 1.19% 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.