Waystar Holding (WAY) EBITDA Margin (2023 - 2026)
Waystar Holding (WAY) posted quarterly EBITDA Margin of 23.79% for Q2 2026, down 17.0% year-over-year from 28.66% in Q2 2025, and down 7.21% quarter-over-quarter from 25.64% in Q1 2026.
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 23.79% for Q2 2026.
- In Q2 2026, EBITDA Margin fell 17.0% year-over-year to 23.79%; the TTM figure through Jun 2026 stood at 22.87% (up 207.0% YoY), while the FY2025 annual figure was 22.68%, up 957.0% from the prior year.
- EBITDA Margin for Q2 2026 stood at 23.79%, down from 25.64% in the prior quarter.
- The five-year high for EBITDA Margin was 25.64% in Q1 2026, with the low at 3.52% in Q2 2024.
- The 4-year median for EBITDA Margin is 19.44% (2025), against an average of 18.96%.
- The sharpest annual moves came in 2024 and 2025: EBITDA Margin slumped 1546 bps in 2024, then jumped 2044 bps in 2025.
- Waystar Holding's EBITDA Margin stood at 18.23% in 2023, then climbed by 19 bps to 21.77% in 2024, then fell by 11 bps to 19.44% in 2025, then gained by 22 bps to 23.79% in 2026.
- Business Quant data shows WAY's EBITDA Margin at 23.79% in Q2 2026, 25.64% in Q1 2026, and 19.44% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 30.93% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 3.37% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 29.03% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | -12.95% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 19.00% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -11.11% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 23.79% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 21.48% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | -27.93% |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 1.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.79% |
| Mar 31, 2026 | 25.64% |
| Dec 31, 2025 | 19.44% |
| Sep 30, 2025 | 22.42% |
| Jun 30, 2025 | 23.96% |
| Mar 31, 2025 | 25.43% |
| Dec 31, 2024 | 21.77% |
| Sep 30, 2024 | 11.31% |
| Jun 30, 2024 | 3.52% |
| Mar 31, 2024 | 15.65% |
| Dec 31, 2023 | 18.23% |
| Sep 30, 2023 | 16.33% |
| Jun 30, 2023 | 18.98% |