• Dell average gross margin for 2024 was 22.61%, a 2.88% increase from 2023.
• Dell average gross margin for 2023 was 23.28%, a 9.97% decline from 2022.
• Dell average gross margin for 2022 was 21.17%, a 17.42% increase from 2021.

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.