Waystar Holding (WAY) EBT Margin (2023 - 2026)

Waystar Holding's (WAY) quarterly EBT Margin came in at 19.06% in Q1 2026, up 100.0% year-on-year from 9.53% in Q1 2025, and up 60.04% quarter-over-quarter from 11.91% in Q4 2025.

Waystar Holding (WAY) EBT Margin (2023 - 2026) Analysis & Trends

Waystar Holding's EBT Margin history runs 4 years deep, the most recent figure standing at 19.06% for Q1 2026.

  • On a quarterly basis, EBT Margin rose 100.0% year-over-year to 19.06% in Q1 2026; TTM through Mar 2026 was 16.02%, a 1132.0% increase from a year earlier, with the FY2025 full-year figure at 15.63%, up 1801.0% from the prior year.
  • EBT Margin advanced to 19.06% in Q1 2026 per WAY's latest filing, from 11.91% in the prior quarter.
  • Across five years, EBT Margin topped out at 19.06% in Q1 2026 and bottomed at 18.03% in Q2 2024.
  • The 4-year median for EBT Margin is 7.76% (2024), against an average of 3.9%.
  • Across the five-year window, EBT Margin slumped 1091 bps in 2024 and soared 3525 bps in 2025, its largest moves.
  • Year by year, EBT Margin stood at 7.34% in 2023, then jumped by 284 bps to 13.54% in 2024, then fell by 12 bps to 11.91% in 2025, then soared by 60 bps to 19.06% in 2026.
  • Per Business Quant, the three latest WAY EBT Margin figures stand at 19.06% (Q1 2026), 11.91% (Q4 2025), and 15.9% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Veeva Systems 29.34 Bn 22.03 Bn 662.02 Mn 39.36%
2 BrightSpring Health Services 13.49 Bn 12.59 Bn 482.22 Mn 2.29%
3 Healthequity 7.96 Bn 7.70 Bn 256.31 Mn 26.06%
4 10x Genomics 6.17 Bn 5.63 Bn 106.18 Mn -8.52%
5 Hinge Health 6.02 Bn 5.70 Bn 154.23 Mn 19.72%
6 MiniMed 4.19 Bn 3.89 Bn 480.00 Mn -10.99%
7 Waystar Holding 4.14 Bn 4.07 Bn 216.84 Mn 19.06%
8 Doximity 3.82 Bn 3.08 Bn 125.97 Mn 22.10%
9 Privia Health 3.10 Bn 2.73 Bn - 1.54%
10 Omnicell 1.81 Bn 1.57 Bn 140.36 Mn 5.46%

Historic Data

Download Data
DateValue
Mar 31, 2026 19.06%
Dec 31, 2025 11.91%
Sep 30, 2025 15.90%
Jun 30, 2025 17.21%
Mar 31, 2025 18.06%
Dec 31, 2024 13.54%
Sep 30, 2024 3.62%
Jun 30, 2024 -18.03%
Mar 31, 2024 -9.78%
Dec 31, 2023 -7.34%
Sep 30, 2023 -10.24%
Jun 30, 2023 -7.12%