Varonis Systems (VRNS) Gross Margin (2013 - 2026)
Varonis Systems (VRNS) posted quarterly Gross Margin of 75.99% for Q1 2026, down 274.0% year-over-year from 43.67% in Q1 2025, and down 3.71% on a QoQ basis from 78.91% in Q4 2025.
Varonis Systems (VRNS) Gross Margin (2013 - 2026) Analysis & Trends
Varonis Systems (VRNS) has reported Gross Margin for 14 consecutive years, with 75.99% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 274.0% year-over-year to 75.99%; the TTM figure through Mar 2026 stood at 78.11% (down 418.0% YoY), while the FY2025 annual figure was 78.83%, down 413.0% from the prior year.
- Gross Margin came in at 75.99% for Q1 2026 at Varonis Systems, down from 78.91% in the prior quarter.
- The five-year high for Gross Margin was 88.06% in Q4 2022, with the low at 75.99% in Q1 2026.
- Average Gross Margin over 5 years is 82.6%, with a median of 83.56% recorded in 2024.
- Across the five-year window, Gross Margin jumped 207 bps in 2023 and sank 554 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 88.06% in 2022, then slipped by 1 bps to 87.45% in 2023, then decreased by 4 bps to 83.56% in 2024, then decreased by 6 bps to 78.91% in 2025, then retreated by 4 bps to 75.99% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 75.99%, 78.91%, and 78.25% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 67.63% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 89.22% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 86.78% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 73.59% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 76.12% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 80.29% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 71.21% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 73.54% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 48.03% |
| 10 | Varonis Systems | 4.85 Bn | 4.63 Bn | 131.56 Mn | 75.99% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 75.99% |
| Dec 31, 2025 | 78.91% |
| Sep 30, 2025 | 78.25% |
| Jun 30, 2025 | 79.46% |
| Mar 31, 2025 | 78.73% |
| Dec 31, 2024 | 83.56% |
| Sep 30, 2024 | 83.79% |
| Jun 30, 2024 | 82.79% |
| Mar 31, 2024 | 81.28% |
| Dec 31, 2023 | 87.45% |
| Sep 30, 2023 | 85.79% |
| Jun 30, 2023 | 84.94% |
| Mar 31, 2023 | 83.57% |
| Dec 31, 2022 | 88.06% |
| Sep 30, 2022 | 86.05% |
| Jun 30, 2022 | 84.03% |
| Mar 31, 2022 | 81.50% |
| Dec 31, 2021 | 86.27% |
| Sep 30, 2021 | 85.71% |
| Jun 30, 2021 | 83.94% |