Varonis Systems (VRNS) Net Margin (2013 - 2026)
Varonis Systems (VRNS) posted Net Margin of 26.0% for Q2 2026, down 22.15% on a QoQ basis from 21.29% in Q1 2026, and down 246.0% year-over-year from 17.81% in Q2 2025.
Powered by 
Analysis
Varonis Systems (VRNS) Net Margin (2013 - 2026) Analysis & Trends
Varonis Systems has reported Net Margin for 14 years, with the latest figure at 26.0% in Q2 2026.
- On a quarterly basis, Net Margin fell 246.0% year-over-year to 26.0% in Q2 2026; TTM through Jun 2026 was 20.55%, a 325.0% decrease from a year earlier, with the FY2025 full-year figure at 20.74%, down 336.0% from the prior year.
- Net Margin was 26.0% for Q2 2026 at Varonis Systems, down from 21.29% 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 22.71%, with a median of 22.29% recorded in 2022.
- The sharpest annual moves came in 2024 and 2025: Net Margin jumped 1516 bps in 2024, then sank 782 bps in 2025.
- Over 5 years, Net Margin stood at 7.54% in 2022, then soared by 92 bps to 0.58% in 2023, then tumbled by 1307 bps to 8.2% in 2024, then tumbled by 95 bps to 16.02% in 2025, then plunged by 62 bps to 26.0% in 2026.
- The last three Net Margin figures came in at 26.0% (Q2 2026), 21.29% (Q1 2026), and 16.02% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn | -5.90% |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn | 0.36% |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn | 29.55% |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn | 3.25% |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn | 24.07% |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn | -14.46% |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn | 16.09% |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn | 28.77% |
| 10 | Varonis Systems | 5.21 Bn | 4.55 Bn | 135.51 Mn | -26.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -26.00% |
| 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% |