• Dell average gross margin for 2023 was 22.87%, a 7.17% decline from 2022.
• Dell average gross margin for 2022 was 21.34%, a 6.75% increase from 2021.
• Dell average gross margin for 2021 was 19.99%, a 17.97% increase 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.