• Humana average gross margin for 2023 was 17.82%, a 1% decline from 2022.
• Humana average gross margin for 2022 was 18%, a 2.51% decline from 2021.
• Humana average gross margin for 2021 was 17.56%, a 9.25% 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.