• Jabil average gross margin for 2023 was 8.2%, a 4.33% increase from 2022.
• Jabil average gross margin for 2022 was 7.86%, a 0.13% increase from 2021.
• Jabil average gross margin for 2021 was 7.85%, a 8.43% 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.