• Deutsche Boerse AG average gross margin for 2023 was 59.47%, a 4.11% decline from 2022.
• Deutsche Boerse AG average gross margin for 2022 was 57.12%, a 1.86% increase from 2021.
• Deutsche Boerse AG average gross margin for 2021 was 58.2%, a 11.15% 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.