• Jack Henry & Associates average gross margin for 2023 was 41.31%, a 0.91% decline from 2022.
• Jack Henry & Associates average gross margin for 2022 was 41.69%, a 4.41% decline from 2021.
• Jack Henry & Associates average gross margin for 2021 was 39.93%, a 0.94% 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.