Varonis Systems (VRNS) Net Margin (2013 - 2026)
Varonis Systems (VRNS) posted quarterly Net Margin of 21.29% for Q1 2026, up 494.0% year-over-year from 3.58% in Q1 2025, and down 32.87% on a QoQ basis from 16.02% in Q4 2025.
Varonis Systems (VRNS) Net Margin (2013 - 2026) Analysis & Trends
Varonis Systems (VRNS) has reported Net Margin for 14 consecutive years, with 21.29% the latest figure, recorded in 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 came in at 21.29% for Q1 2026 at Varonis Systems, down from 16.02% in the prior quarter.
- The five-year high for Net Margin was 0.58% in Q4 2023, with the low at 50.66% in Q1 2022.
- Average Net Margin over 5 years is 22.51%, with a median of 21.29% recorded in 2026.
- Across the five-year window, Net Margin soared 1516 bps in 2024 and tumbled 782 bps in 2025, its largest moves.
- Year by year, Net Margin stood at 7.54% in 2022, then surged by 92 bps to 0.58% in 2023, then sank by 1307 bps to 8.2% in 2024, then sank by 95 bps to 16.02% in 2025, then slumped by 33 bps to 21.29% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 21.29%, 16.02%, and 18.53% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 38.34% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 22.44% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 53.68% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 16.65% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 4.71% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 28.90% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | -3.58% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 2.69% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | -5.10% |
| 10 | Varonis Systems | 4.85 Bn | 4.63 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% |