Varonis Systems (VRNS) Operating Margin (2013 - 2026)
Varonis Systems (VRNS) posted quarterly Operating Margin of 25.69% for Q1 2026, up 639.0% year-over-year from 3.48% in Q1 2025, and down 47.19% on a QoQ basis from 17.46% in Q4 2025.
Varonis Systems (VRNS) Operating Margin (2013 - 2026) Analysis & Trends
Varonis Systems (VRNS) has reported Operating Margin for 14 consecutive years, with 25.69% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 639.0% year-over-year to 25.69%; the TTM figure through Mar 2026 stood at 22.3% (down 245.0% YoY), while the FY2025 annual figure was 23.5%, down 214.0% from the prior year.
- Operating Margin came in at 25.69% for Q1 2026 at Varonis Systems, down from 17.46% in the prior quarter.
- The five-year high for Operating Margin was 3.4% in Q4 2023, with the low at 49.95% in Q1 2022.
- Average Operating Margin over 5 years is 25.04%, with a median of 23.83% recorded in 2023.
- The largest YoY upside for Operating Margin was 1230 bps in 2024 against a maximum downside of 767 bps in 2024.
- Year by year, Operating Margin stood at 7.01% in 2022, then jumped by 51 bps to 3.4% in 2023, then tumbled by 225 bps to 11.07% in 2024, then sank by 58 bps to 17.46% in 2025, then sank by 47 bps to 25.69% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 25.69%, 17.46%, and 22.24% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 46.33% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 31.97% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 46.18% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 15.30% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 1.06% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 31.36% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | -9.69% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 8.43% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | -2.84% |
| 10 | Varonis Systems | 4.85 Bn | 4.63 Bn | 131.56 Mn | -25.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -25.69% |
| Dec 31, 2025 | -17.46% |
| Sep 30, 2025 | -22.24% |
| Jun 30, 2025 | -24.02% |
| Mar 31, 2025 | -32.08% |
| Dec 31, 2024 | -11.07% |
| Sep 30, 2024 | -15.97% |
| Jun 30, 2024 | -22.11% |
| Mar 31, 2024 | -41.78% |
| Dec 31, 2023 | -3.40% |
| Sep 30, 2023 | -23.83% |
| Jun 30, 2023 | -34.41% |
| Mar 31, 2023 | -40.17% |
| Dec 31, 2022 | -7.01% |
| Sep 30, 2022 | -20.75% |
| Jun 30, 2022 | -33.71% |
| Mar 31, 2022 | -49.95% |
| Dec 31, 2021 | -14.09% |
| Sep 30, 2021 | -18.49% |
| Jun 30, 2021 | -31.93% |