• Manhattan Associates average gross margin for 2023 was 53.29%, a 1.28% increase from 2022.
• Manhattan Associates average gross margin for 2022 was 53.98%, a 2.14% decline from 2021.
• Manhattan Associates average gross margin for 2021 was 55.16%, a 3.18% 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.