• GameStop average gross margin for 2023 was 23.66%, a 9.94% increase from 2022.
• GameStop average gross margin for 2022 was 21.52%, a 12.13% increase from 2021.
• GameStop average gross margin for 2021 was 24.49%, a 13.92% 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.