• NVIDIA average gross margin for 2023 was 61.93%, a 0.31% increase from 2022.
• NVIDIA average gross margin for 2022 was 62.12%, a 1.76% decline from 2021.
• NVIDIA average gross margin for 2021 was 63.23%, a 0.8% 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.