• Guidewire Software average gross margin for 2023 was 49.63%, a 2.39% increase from 2022.
• Guidewire Software average gross margin for 2022 was 48.47%, a 7.25% increase from 2021.
• Guidewire Software average gross margin for 2021 was 52.26%, a 2.57% 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.