Varonis Systems (VRNS) Gross Margin (2013 - 2026)
Varonis Systems (VRNS) posted quarterly Gross Margin of 75.27% for Q2 2026, down 419.0% year-over-year from 23.6% in Q2 2025, and down 0.94% quarter-over-quarter from 75.99% in Q1 2026.
Varonis Systems (VRNS) Gross Margin (2013 - 2026) Analysis & Trends
Varonis Systems' Gross Margin history runs 14 years deep, the most recent figure standing at 75.27% for Q2 2026.
- In Q2 2026, Gross Margin fell 419.0% year-over-year to 75.27%; the TTM figure through Jun 2026 stood at 77.07% (down 439.0% YoY), while the FY2025 annual figure was 78.83%, down 413.0% from the prior year.
- Gross Margin for Q2 2026 stood at 75.27%, 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.
- The 5-year median for Gross Margin is 83.18% (2024), against an average of 82.19%.
- The sharpest annual moves came in 2023 and 2025: Gross Margin soared 207 bps in 2023, then tumbled 554 bps in 2025.
- Varonis Systems' Gross Margin stood at 88.06% in 2022, then declined by 1 bps to 87.45% in 2023, then dropped by 4 bps to 83.56% in 2024, then dropped by 6 bps to 78.91% in 2025, then fell by 5 bps to 75.27% in 2026.
- Business Quant data shows VRNS's Gross Margin at 75.27% in Q2 2026, 75.99% in Q1 2026, and 78.91% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 67.20% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 84.66% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 67.55% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 80.24% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 71.76% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 73.54% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 65.86% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 47.84% |
| 10 | Varonis Systems | 4.99 Bn | 4.33 Bn | 135.51 Mn | 75.27% |
Historic Data
Download 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% |