• Palo Alto Networks average gross margin for 2023 was 71.56%, a 3.41% increase from 2022.
• Palo Alto Networks average gross margin for 2022 was 69.2%, a 0.97% increase from 2021.
• Palo Alto Networks average gross margin for 2021 was 69.88%, a 1.84% 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.