Waystar Holding (WAY) EBITDA Margin (2023 - 2026)
Waystar Holding (WAY) recorded EBITDA Margin of 36.76% in Q2 2026, up 0.45 percentage points from 36.31% a year earlier but down 2.08 percentage points from the prior quarter.
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Analysis
Waystar Holding (WAY) EBITDA Margin (2023 - 2026) Analysis & Trends
On a TTM basis, Waystar Holding's EBITDA Margin came in at 35.86% as of Jun 30, 2026, down 1.25 percentage points year-over-year; for FY2025, it came in at 35.46%, up 2.57 percentage points from FY2024.
- Annual EBITDA Margin has a three-year change of -3.21 percentage points (FY2022 to FY2025).
- Across earlier years, EBITDA Margin came in at 32.89% in FY2024 (-7.38 pp), 40.27% in FY2023 (+1.60 pp) and 38.68% in FY2022.
- Quarterly EBITDA Margin has ranged from 20.92% in Q2 2023 to 39.85% in Q4 2023 over the past five years.
- On a year-over-year basis, EBITDA Margin rose in four of the last eight quarters, with an average year-over-year change of +0.90 percentage points.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 13.92 percentage points in Q2 2025, against a drop of 4.57 percentage points in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 38.84% (Q1 2026), 32.77% (Q4 2025) and 34.82% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 51.55 Bn | 23.79 Bn | 695.95 Mn | 31.34% |
| 3 | Samsara | 24.79 Bn | 21.56 Bn | 392.58 Mn | 2.61% |
| 4 | Ptc | 22.17 Bn | 20.99 Bn | 490.47 Mn | 31.78% |
| 5 | Toast | 18.88 Bn | 11.55 Bn | 516.00 Mn | 9.85% |
| 6 | Trimble | 14.47 Bn | 13.54 Bn | 674.90 Mn | 18.84% |
| 7 | Manhattan Associates | 13.68 Bn | 12.67 Bn | 168.33 Mn | 22.79% |
| 8 | Costar | 13.35 Bn | 7.30 Bn | 728.00 Mn | 20.65% |
| 9 | Bentley Systems | 11.88 Bn | 11.34 Bn | 336.74 Mn | 25.74% |
| 10 | Waystar Holding | 5.53 Bn | 4.67 Bn | 221.99 Mn | 36.97% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.97% |
| Mar 31, 2026 | 39.05% |
| Dec 31, 2025 | 32.99% |
| Sep 30, 2025 | 35.07% |
| Jun 30, 2025 | 36.56% |
| Mar 31, 2025 | 38.71% |
| Dec 31, 2024 | 37.60% |
| Sep 30, 2024 | 36.64% |
| Jun 30, 2024 | 22.80% |
| Mar 31, 2024 | 36.05% |
| Dec 31, 2023 | 41.09% |
| Sep 30, 2023 | 39.83% |
| Jun 30, 2023 | 20.92% |
API Access
Waystar Holding EBITDA Margin 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=ebitda-margin&ticker=WAY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "WAY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=WAY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();