• Wintrust Financial average gross margin for 2023 was 75.58%, a 17.48% decline from 2022.
• Wintrust Financial average gross margin for 2022 was 91.59%, a 1.22% decline from 2021.
• Wintrust Financial average gross margin for 2021 was 90.49%, a 7.94% 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.