• Zimmer Biomet Holdings average gross margin for 2023 was 71.68%, a 1.49% increase from 2022.
• Zimmer Biomet Holdings average gross margin for 2022 was 70.63%, a 0.77% increase from 2021.
• Zimmer Biomet Holdings average gross margin for 2021 was 71.18%, a 0.2% 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.