• TransUnion average gross margin for 2023 was 59.96%, a 6.94% increase from 2022.
• TransUnion average gross margin for 2022 was 64.43%, a 2.95% decline from 2021.
• TransUnion average gross margin for 2021 was 66.39%, a 0.93% 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.