Waystar Holding (WAY) EBITDA Margin (2023 - 2026)
Waystar Holding (WAY) recorded quarterly EBITDA Margin of 27.87% in Q1 2026, up 30.29% quarter-over-quarter from 21.39% in Q4 2025, and up 37.0% on a YoY basis from 20.34% in Q1 2025.
Waystar Holding (WAY) EBITDA Margin (2023 - 2026) Analysis & Trends
Waystar Holding's EBITDA Margin history runs 4 years deep, the most recent figure standing at 27.87% for Q1 2026.
- In Q1 2026, EBITDA Margin rose 37.0% year-over-year to 27.87%; the TTM figure through Mar 2026 stood at 24.91% (up 516.0% YoY), while the FY2025 annual figure was 24.67%, up 746.0% from the prior year.
- EBITDA Margin was 27.87% for Q1 2026 at Waystar Holding, up from 21.39% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 27.87% in Q1 2026 to a low of 5.73% in Q2 2024.
- Historically, EBITDA Margin has averaged 21.32% across 4 years, with a median of 21.19% in 2023.
- The sharpest annual moves came in 2024 and 2025: EBITDA Margin sank 1518 bps in 2024, then soared 2018 bps in 2025.
- A 4-year view of EBITDA Margin shows it stood at 20.99% in 2023, then increased by 18 bps to 24.76% in 2024, then declined by 14 bps to 21.39% in 2025, then soared by 30 bps to 27.87% in 2026.
- The last three EBITDA Margin figures came in at 27.87% (Q1 2026), 21.39% (Q4 2025), and 24.43% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 26.39% |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 3.36% |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 29.03% |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 19.09% |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | -11.30% |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 17.08% |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 27.87% |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 1.25% |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 5.44% |
| 10 | Teladoc Health | 1.45 Bn | 696.57 Mn | 562.57 Mn | -10.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 27.87% |
| Dec 31, 2025 | 21.39% |
| Sep 30, 2025 | 24.43% |
| Jun 30, 2025 | 25.92% |
| Mar 31, 2025 | 27.50% |
| Dec 31, 2024 | 24.76% |
| Sep 30, 2024 | 20.09% |
| Jun 30, 2024 | 5.73% |
| Mar 31, 2024 | 17.92% |
| Dec 31, 2023 | 20.99% |
| Sep 30, 2023 | 18.31% |
| Jun 30, 2023 | 20.92% |