Varonis Systems (VRNS) Tax Rate (2013 - 2023)
Varonis Systems (VRNS) reported Tax Rate of -13.08% for Q2 2026, up 0.34 percentage points from -13.42% a year earlier but down 21.03 percentage points from the prior quarter.
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Analysis
Varonis Systems (VRNS) Tax Rate (2013 - 2023) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Varonis Systems' Tax Rate came in at -5.23%, up 13.43 percentage points year-over-year; for FY2025, it came in at -11.18%, up 4.19 percentage points from FY2024.
- Tax Rate has a five-year change of -1.74 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at -15.37% in FY2024 (+0.74 pp), -16.10% in FY2023 (-3.74 pp), -12.37% in FY2022 (-6.93 pp) and -5.43% in FY2021 (+4.01 pp).
- Five-year quarterly Tax Rate spans a low of -87.80% in Q4 2022 and a high of 575.13% in Q4 2023.
- Year over year, Tax Rate has now increased in each of the last five quarters, with an average year-over-year change of -70.82 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was Q4 2023 (a gain of 662.94 percentage points); the low point was Q4 2024 (a drop of 605.76 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 7.95% (Q1 2026), -12.03% (Q4 2025) and -6.45% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | - |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 15.97% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | - |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 13.92% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 9.97% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 7.94% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 31.08% |
| 10 | Varonis Systems | 5.50 Bn | 2.54 Bn | 135.51 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 575.13% |
| Dec 31, 2017 | 15.47% |
| Dec 31, 2016 | 7.03% |
| Dec 31, 2015 | 5.18% |
| Dec 31, 2013 | 10.72% |
API Access
Varonis Systems Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=VRNS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "VRNS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=VRNS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();