• Western Alliance Bancorporation average gross margin for 2023 was 67.21%, a 25.85% decline from 2022.
• Western Alliance Bancorporation average gross margin for 2022 was 90.64%, a 4.37% decline from 2021.
• Western Alliance Bancorporation average gross margin for 2021 was 94.78%, a 5.73% 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.