• Dolby Laboratories average gross margin for 2023 was 88.23%, a 0.89% increase from 2022.
• Dolby Laboratories average gross margin for 2022 was 89.02%, a 0.2% decline from 2021.
• Dolby Laboratories average gross margin for 2021 was 89.2%, a 1.78% 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.