Varonis Systems (VRNS) FCF Margin (2013 - 2026)
Varonis Systems (VRNS) posted FCF Margin of 11.50% for Q2 2026, down 0.31 percentage points from 11.81% a year earlier and down 17.42 percentage points from the prior quarter.
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Analysis
Varonis Systems (VRNS) FCF Margin (2013 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, FCF Margin at Varonis Systems was 17.72%, down 3.25 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).
- The Q2 2026 figure stands as the lowest quarterly FCF Margin since Q2 2024.
- On a year-over-year basis, FCF Margin has declined in each of the last three quarters, with an average year-over-year change of +0.39 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 28.92% (Q1 2026), 11.96% (Q4 2025) and 18.83% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 36.77% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 27.59% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 47.15% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 5.42% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 27.28% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | -0.11% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 28.94% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 47.16% |
| 10 | Varonis Systems | 5.50 Bn | 2.54 Bn | 135.51 Mn | 11.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | -6.26% |
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();