Varonis Systems (VRNS) EBT Margin (2013 - 2026)
Varonis Systems' (VRNS) quarterly EBT Margin came in at 23.12% in Q1 2026, up 20.0% year-on-year from 19.27% in Q1 2025, and down 61.71% quarter-over-quarter from 14.3% in Q4 2025.
Varonis Systems (VRNS) EBT Margin (2013 - 2026) Analysis & Trends
Varonis Systems' EBT Margin history runs 14 years deep, the most recent figure standing at 23.12% for Q1 2026.
- On a quarterly basis, EBT Margin rose 20.0% year-over-year to 23.12% in Q1 2026; TTM through Mar 2026 was 18.86%, a 565.0% decrease from a year earlier, with the FY2025 full-year figure at 18.66%, down 359.0% from the prior year.
- EBT Margin slipped to 23.12% in Q1 2026 per VRNS's latest filing, from 14.3% in the prior quarter.
- Across five years, EBT Margin topped out at 0.12% in Q4 2023 and bottomed at 49.19% in Q1 2022.
- The 5-year median for EBT Margin is 18.77% (2022), against an average of 20.23%.
- Across the five-year window, EBT Margin jumped 1626 bps in 2023 and slumped 836 bps in 2025, its largest moves.
- Year by year, EBT Margin stood at 4.01% in 2022, then surged by 103 bps to 0.12% in 2023, then plunged by 5216 bps to 6.28% in 2024, then tumbled by 128 bps to 14.3% in 2025, then tumbled by 62 bps to 23.12% in 2026.
- Per Business Quant, the three latest VRNS EBT Margin figures stand at 23.12% (Q1 2026), 14.3% (Q4 2025), and 17.41% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,895.32 Bn | 2,770.88 Bn | 56.06 Bn | 47.46% |
| 2 | PagSeguro Digital | 2,672.75 Bn | 2,672.75 Bn | 358.92 Mn | 12.41% |
| 3 | Repay Holdings | 344.36 Bn | 344.21 Bn | - | - |
| 4 | Oracle | 339.20 Bn | 307.30 Bn | - | 27.99% |
| 5 | Palantir Technologies | 296.91 Bn | 288.89 Bn | 1.42 Bn | 54.43% |
| 6 | Palo Alto Networks | 225.55 Bn | 221.01 Bn | 1.91 Bn | 21.16% |
| 7 | CrowdStrike Holdings | 185.68 Bn | 182.58 Bn | 993.68 Mn | 4.43% |
| 8 | Fortinet | 109.83 Bn | 106.54 Bn | 1.49 Bn | 35.50% |
| 9 | Cloudflare | 95.19 Bn | 94.25 Bn | 455.60 Mn | -3.35% |
| 10 | Varonis Systems | 4.59 Bn | 4.37 Bn | 131.56 Mn | -23.12% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -23.12% |
| Dec 31, 2025 | -14.30% |
| Sep 30, 2025 | -17.41% |
| Jun 30, 2025 | -20.76% |
| Mar 31, 2025 | -23.32% |
| Dec 31, 2024 | -6.28% |
| Sep 30, 2024 | -9.05% |
| Jun 30, 2024 | -15.79% |
| Mar 31, 2024 | -34.28% |
| Dec 31, 2023 | 0.12% |
| Sep 30, 2023 | -16.77% |
| Jun 30, 2023 | -27.08% |
| Mar 31, 2023 | -32.93% |
| Dec 31, 2022 | -4.01% |
| Sep 30, 2022 | -18.77% |
| Jun 30, 2022 | -31.04% |
| Mar 31, 2022 | -49.19% |
| Dec 31, 2021 | -17.32% |
| Sep 30, 2021 | -21.71% |
| Jun 30, 2021 | -36.23% |