Varonis Systems (VRNS) Gross Margin (2013 - 2026)
Varonis Systems (VRNS) posted Gross Margin of 75.27% for Q2 2026, down 0.94% on a QoQ basis from 75.99% in Q1 2026, and down 419.0% year-over-year from 23.6% in Q2 2025.
Powered by 
Analysis
Varonis Systems (VRNS) Gross Margin (2013 - 2026) Analysis & Trends
Varonis Systems has reported Gross Margin for 14 years, with the latest figure at 75.27% in Q2 2026.
- On a quarterly basis, Gross Margin fell 419.0% year-over-year to 75.27% in Q2 2026; TTM through Jun 2026 was 77.07%, a 439.0% decrease from a year earlier, with the FY2025 full-year figure at 78.83%, down 413.0% from the prior year.
- Gross Margin was 75.27% for Q2 2026 at Varonis Systems, down from 75.99% in the prior quarter.
- The five-year high for Gross Margin was 88.06% in Q4 2022, with the low at 75.27% in Q2 2026.
- Average Gross Margin over 5 years is 82.19%, with a median of 83.18% recorded in 2024.
- The sharpest annual moves came in 2023 and 2025: Gross Margin surged 207 bps in 2023, then tumbled 554 bps in 2025.
- Over 5 years, Gross Margin stood at 88.06% in 2022, then retreated by 1 bps to 87.45% in 2023, then fell by 4 bps to 83.56% in 2024, then fell by 6 bps to 78.91% in 2025, then decreased by 5 bps to 75.27% in 2026.
- The last three Gross Margin figures came in at 75.27% (Q2 2026), 75.99% (Q1 2026), and 78.91% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn | 67.55% |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn | 74.57% |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn | 80.24% |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn | 60.42% |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn | 82.25% |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn | 78.44% |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn | 77.02% |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn | 85.23% |
| 10 | Varonis Systems | 5.21 Bn | 4.55 Bn | 135.51 Mn | 75.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 75.27% |
| 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% |