Varonis Systems Inc (VRNS) stock
VRNSNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 8/3070% above fair value
$48.94−0.13 (-0.26%)
Close on Nov 13, 2026Market cap $5.62BP/E –Yield –
Varonis Systems operating margin
Operating margin is operating income as a percentage of revenue.
Varonis Systems's operating margin for the twelve months ending Sep 30, 2026 was -22.8%. For fiscal 2025 it was -23.5%, against -21.4% the year before. The highest annual figure on record is -2.9% in fiscal 2012.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | -23.5% | −2.1 |
| FY2024 | Dec 31, 2024 | -21.4% | +2.1 |
| FY2023 | Dec 31, 2023 | -23.5% | +2.1 |
| FY2022 | Dec 31, 2022 | -25.6% | −0.3 |
| FY2021 | Dec 31, 2021 | -25.3% | +1.5 |
| FY2020 | Dec 31, 2020 | -26.8% | +3.1 |
| FY2019 | Dec 31, 2019 | -29.9% | −19.1 |
| FY2018 | Dec 31, 2018 | -10.8% | −4.5 |
| FY2017 | Dec 31, 2017 | -6.2% | +1.0 |
| FY2016 | Dec 31, 2016 | -7.2% | +7.8 |
| FY2015 | Dec 31, 2015 | -15.0% | +2.1 |
| FY2014 | Dec 31, 2014 | -17.1% | −9.2 |
| FY2013 | Dec 31, 2013 | -7.8% | −4.9 |
| FY2012 | Dec 31, 2012 | -2.9% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | -25.2% | −2.9 |
| Q2 FY2026 | Jun 30, 2026 | -22.6% | +1.5 |
| Q1 FY2026 | Mar 31, 2026 | -25.7% | +6.4 |
| Q4 FY2025 | Dec 31, 2025 | -17.5% | −6.4 |
| Q3 FY2025 | Sep 30, 2025 | -22.2% | −6.3 |
| Q2 FY2025 | Jun 30, 2025 | -24.0% | −1.9 |
| Q1 FY2025 | Mar 31, 2025 | -32.1% | +9.7 |
| Q4 FY2024 | Dec 31, 2024 | -11.1% | −7.7 |
| Q3 FY2024 | Sep 30, 2024 | -16.0% | +7.9 |
| Q2 FY2024 | Jun 30, 2024 | -22.1% | +12.3 |
| Q1 FY2024 | Mar 31, 2024 | -41.8% | −1.6 |
| Q4 FY2023 | Dec 31, 2023 | -3.4% | +3.6 |
| Q3 FY2023 | Sep 30, 2023 | -23.8% | −3.1 |
| Q2 FY2023 | Jun 30, 2023 | -34.4% | −0.7 |
| Q1 FY2023 | Mar 31, 2023 | -40.2% | +9.8 |
| Q4 FY2022 | Dec 31, 2022 | -7.0% | +7.1 |
| Q3 FY2022 | Sep 30, 2022 | -20.7% | −2.3 |
| Q2 FY2022 | Jun 30, 2022 | -33.7% | −1.8 |
| Q1 FY2022 | Mar 31, 2022 | -50.0% | −4.4 |
| Q4 FY2021 | Dec 31, 2021 | -14.1% | −6.5 |
| Q3 FY2021 | Sep 30, 2021 | -18.5% | +2.9 |
| Q2 FY2021 | Jun 30, 2021 | -31.9% | +1.3 |
| Q1 FY2021 | Mar 31, 2021 | -45.6% | +14.7 |
| Q4 FY2020 | Dec 31, 2020 | -7.6% | +11.7 |
| Q3 FY2020 | Sep 30, 2020 | -21.4% | +2.9 |
| Q2 FY2020 | Jun 30, 2020 | -33.2% | +7.1 |
| Q1 FY2020 | Mar 31, 2020 | -60.3% | −21.3 |
| Q4 FY2019 | Dec 31, 2019 | -19.3% | −24.4 |
| Q3 FY2019 | Sep 30, 2019 | -24.3% | −14.1 |
| Q2 FY2019 | Jun 30, 2019 | -40.3% | −22.1 |
| Q1 FY2019 | Mar 31, 2019 | -39.0% | −10.1 |
| Q4 FY2018 | Dec 31, 2018 | 5.1% | −5.5 |
| Q3 FY2018 | Sep 30, 2018 | -10.2% | −4.3 |
| Q2 FY2018 | Jun 30, 2018 | -18.2% | −5.8 |
| Q1 FY2018 | Mar 31, 2018 | -29.0% | +1.2 |
| Q4 FY2017 | Dec 31, 2017 | 10.6% | −4.3 |
| Q3 FY2017 | Sep 30, 2017 | -5.9% | – |
| Q2 FY2017 | Jun 30, 2017 | -12.4% | – |
| Q1 FY2017 | Mar 31, 2017 | -30.1% | – |
| Q4 FY2016 | Dec 31, 2016 | 14.9% | – |
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