Varonis Systems (VRNS) FCF Margin (2013 - 2026)
Varonis Systems (VRNS) posted FCF Margin of 14.05% for Q3 2026, down 4.78 percentage points from 18.83% a year earlier but up 2.55 percentage points from the prior quarter.
Powered by 
Analysis
Varonis Systems (VRNS) FCF Margin (2013 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, FCF Margin at Varonis Systems was 16.50%, down 5.51 percentage points year-over-year; for FY2025, it was 21.62%, up 1.92 percentage points from FY2024.
- Annual FCF Margin has increased for six consecutive years, with a five-year change of +27.07 percentage points (FY2020 to FY2025).
- In prior years, Varonis Systems' FCF Margin was 19.69% in FY2024 (+8.81 pp), 10.88% in FY2023 (+10.78 pp), 0.10% in FY2022 (+0.95 pp) and -0.85% in FY2021 (+4.60 pp).
- Quarterly FCF Margin has run from a low of -15.35% in Q2 2022 to a high of 49.49% in Q1 2024 over five years.
- On a year-over-year basis, FCF Margin has declined in each of the last four quarters, with an average year-over-year change of -1.39 percentage points over the last eight quarters.
- The strongest year-over-year quarter for FCF Margin in the past five years was Q2 2023, with a gain of 19.09 percentage points; the weakest was Q1 2026, with a drop of 19.21 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was 11.50% (Q2 2026), 28.92% (Q1 2026) and 11.96% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 235.00 Bn | 220.07 Bn | 2.30 Bn | 36.77% |
| 2 | CrowdStrike Holdings | 221.18 Bn | 201.58 Bn | 1.10 Bn | 27.59% |
| 3 | Snowflake | 96.49 Bn | 83.81 Bn | 1.04 Bn | 5.42% |
| 4 | Fortinet | 87.26 Bn | 71.51 Bn | 1.64 Bn | 42.43% |
| 5 | Datadog | 64.27 Bn | 44.82 Bn | 959.92 Mn | 23.31% |
| 6 | Zscaler | 31.67 Bn | 17.82 Bn | 689.22 Mn | 8.85% |
| 7 | Okta | 29.42 Bn | 19.51 Bn | 641.00 Mn | 28.94% |
| 8 | Axon Enterprise | 25.30 Bn | 19.82 Bn | 546.45 Mn | -0.11% |
| 9 | MongoDB | 25.20 Bn | 15.67 Bn | 569.77 Mn | 18.06% |
| 10 | Varonis Systems | 5.61 Bn | 2.73 Bn | 142.57 Mn | 14.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.05% |
| Jun 30, 2026 | 11.50% |
| Mar 31, 2026 | 28.92% |
| Dec 31, 2025 | 11.96% |
| Sep 30, 2025 | 18.83% |
| Jun 30, 2025 | 11.81% |
| Mar 31, 2025 | 48.13% |
| Dec 31, 2024 | 12.57% |
| Sep 30, 2024 | 14.35% |
| Jun 30, 2024 | 8.37% |
| Mar 31, 2024 | 49.49% |
| Dec 31, 2023 | 5.38% |
| Sep 30, 2023 | 4.90% |
| Jun 30, 2023 | 3.74% |
| Mar 31, 2023 | 33.28% |
| Dec 31, 2022 | -0.23% |
| Sep 30, 2022 | -2.54% |
| Jun 30, 2022 | -15.35% |
| Mar 31, 2022 | 21.86% |
| Dec 31, 2021 | -4.77% |
API Access
Varonis Systems FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=VRNS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "VRNS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=VRNS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();