SouthState Gross Margin 2010-2024 | SSB
- SouthState average gross margin for 2023 was 85.87%, a 11.48% decline from 2022.
- SouthState average gross margin for 2022 was 97.01%, a 1.82% decline from 2021.
- SouthState average gross margin for 2021 was 95.28%, a 4.97% 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.