• Fidelity National Financial average gross margin for 2023 was 55.77%, a 12.02% decline from 2022.
• Fidelity National Financial average gross margin for 2022 was 63.39%, a 4.39% decline from 2021.
• Fidelity National Financial average gross margin for 2021 was 66.3%, a 4.14% 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.