Varonis Systems (VRNS) Net Margin (2013 - 2026)
Varonis Systems (VRNS) recorded quarterly Net Margin of 21.29% in Q1 2026, down 32.87% quarter-over-quarter from 16.02% in Q4 2025, and up 494.0% on a YoY basis from 3.58% in Q1 2025.
Varonis Systems (VRNS) Net Margin (2013 - 2026) Analysis & Trends
Varonis Systems' Net Margin history runs 14 years deep, the most recent figure standing at 21.29% for Q1 2026.
- In Q1 2026, Net Margin rose 494.0% year-over-year to 21.29%; the TTM figure through Mar 2026 stood at 19.75% (down 387.0% YoY), while the FY2025 annual figure was 20.74%, down 336.0% from the prior year.
- Net Margin was 21.29% for Q1 2026 at Varonis Systems, down from 16.02% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 0.58% in Q4 2023 to a low of 50.66% in Q1 2022.
- Historically, Net Margin has averaged 22.51% across 5 years, with a median of 21.29% in 2026.
- The sharpest annual moves came in 2024 and 2025: Net Margin soared 1516 bps in 2024, then slumped 782 bps in 2025.
- A 5-year view of Net Margin shows it stood at 7.54% in 2022, then surged by 92 bps to 0.58% in 2023, then plunged by 1307 bps to 8.2% in 2024, then plunged by 95 bps to 16.02% in 2025, then sank by 33 bps to 21.29% in 2026.
- The last three Net Margin figures came in at 21.29% (Q1 2026), 16.02% (Q4 2025), and 18.53% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 38.34% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 5.06% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 21.52% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 53.68% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 16.65% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 4.71% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 28.90% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 2.69% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | -3.58% |
| 10 | Varonis Systems | 3.77 Bn | 3.55 Bn | 131.56 Mn | -21.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -21.29% |
| Dec 31, 2025 | -16.02% |
| Sep 30, 2025 | -18.53% |
| Jun 30, 2025 | -23.54% |
| Mar 31, 2025 | -26.23% |
| Dec 31, 2024 | -8.20% |
| Sep 30, 2024 | -12.38% |
| Jun 30, 2024 | -18.37% |
| Mar 31, 2024 | -35.51% |
| Dec 31, 2023 | -0.58% |
| Sep 30, 2023 | -18.82% |
| Jun 30, 2023 | -33.53% |
| Mar 31, 2023 | -35.69% |
| Dec 31, 2022 | -7.54% |
| Sep 30, 2022 | -23.29% |
| Jun 30, 2022 | -32.56% |
| Mar 31, 2022 | -50.66% |
| Dec 31, 2021 | -19.71% |
| Sep 30, 2021 | -23.23% |
| Jun 30, 2021 | -37.26% |