Varonis Systems (VRNS) Gross Margin (2013 - 2026)
Varonis Systems (VRNS) reported Gross Margin of 75.27% for Q2 2026, down 4.19 percentage points from 79.46% a year earlier and down 0.71 percentage points from the prior quarter.
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Analysis
Varonis Systems (VRNS) Gross Margin (2013 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Varonis Systems' Gross Margin came in at 77.07%, down 4.39 percentage points year-over-year; for FY2025, it came in at 78.83%, down 4.13 percentage points from FY2024.
- Gross Margin has a five-year change of -6.04 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 82.97% in FY2024 (-2.66 pp), 85.63% in FY2023 (+0.37 pp), 85.26% in FY2022 (+0.48 pp) and 84.77% in FY2021 (-0.10 pp).
- The Q2 2026 figure ranks as the lowest quarterly Gross Margin in data going back to Q1 2013.
- Year over year, Gross Margin has now declined in each of the last 12 quarters, with an average year-over-year change of -3.61 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q1 2023 (a gain of 2.07 percentage points); the low point was Q3 2025 (a drop of 5.54 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 75.99% (Q1 2026), 78.91% (Q4 2025) and 78.25% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 67.57% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 74.57% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 80.24% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 67.02% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 78.59% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 60.42% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 79.63% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 0.03% |
| 10 | Varonis Systems | 5.50 Bn | 2.54 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% |
API Access
Varonis Systems Gross 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=gross-margin&ticker=VRNS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=VRNS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();