• Colgate-Palmolive average gross margin for 2023 was 57.24%, a 1.29% increase from 2022.
• Colgate-Palmolive average gross margin for 2022 was 57.99%, a 3.97% decline from 2021.
• Colgate-Palmolive average gross margin for 2021 was 60.39%, a 0.18% 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.