• Cisco average gross margin for 2023 was 62.58%, a 0.37% increase from 2022.
• Cisco average gross margin for 2022 was 62.81%, a 1.81% decline from 2021.
• Cisco average gross margin for 2021 was 63.97%, a 0.33% 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.