• New York Times average gross margin for 2023 was 47.7%, a 2.09% increase from 2022.
• New York Times average gross margin for 2022 was 48.72%, a 0.43% decline from 2021.
• New York Times average gross margin for 2021 was 48.51%, a 6.33% 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.