• CommVault Systems average gross margin for 2023 was 82.54%, a 1.91% decline from 2022.
• CommVault Systems average gross margin for 2022 was 84.15%, a 1.17% decline from 2021.
• CommVault Systems average gross margin for 2021 was 85.15%, a 1.84% 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.