• Seiko Epson average gross margin for 2023 was 34.78%, a 4.24% increase from 2022.
• Seiko Epson average gross margin for 2022 was 36.32%, a 0.17% decline from 2021.
• Seiko Epson average gross margin for 2021 was 36.26%, a 3.39% 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.