• Pegasystems average gross margin for 2023 was 71.65%, a 0.22% increase from 2022.
• Pegasystems average gross margin for 2022 was 71.81%, a 0.17% decline from 2021.
• Pegasystems average gross margin for 2021 was 71.93%, a 5.19% 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.