Varonis Systems (VRNS) Operating Margin (2013 - 2026)
Varonis Systems (VRNS) posted quarterly Operating Margin of 22.57% for Q2 2026, up 145.0% year-over-year from 9.21% in Q2 2025, and up 12.15% quarter-over-quarter from 25.69% in Q1 2026.
Varonis Systems (VRNS) Operating Margin (2013 - 2026) Analysis & Trends
Varonis Systems' Operating Margin history runs 14 years deep, the most recent figure standing at 22.57% for Q2 2026.
- In Q2 2026, Operating Margin rose 145.0% year-over-year to 22.57%; the TTM figure through Jun 2026 stood at 21.99% (down 157.0% YoY), while the FY2025 annual figure was 23.5%, down 214.0% from the prior year.
- Operating Margin for Q2 2026 stood at 22.57%, up from 25.69% 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.
- The 5-year median for Operating Margin is 23.2% (2023), against an average of 24.9%.
- Peak annual rise in Operating Margin reached 1230 bps in 2024, while the deepest fall reached 767 bps in 2024.
- Varonis Systems' Operating Margin stood at 7.01% in 2022, then soared by 51 bps to 3.4% in 2023, then sank by 225 bps to 11.07% in 2024, then tumbled by 58 bps to 17.46% in 2025, then retreated by 29 bps to 22.57% in 2026.
- Business Quant data shows VRNS's Operating Margin at 22.57% in Q2 2026, 25.69% in Q1 2026, and 17.46% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 45.11% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 47.12% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 31.97% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -6.10% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 33.66% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -29.55% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 8.43% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -1.90% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 6.75% |
| 10 | Varonis Systems | 4.99 Bn | 4.33 Bn | 135.51 Mn | -22.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -22.57% |
| 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% |