Waystar Holding (WAY) EBT Margin (2023 - 2026)
Waystar Holding (WAY) posted quarterly EBT Margin of 17.64% for Q2 2026, up 43.0% year-over-year from 12.34% in Q2 2025, and down 7.43% quarter-over-quarter from 19.06% in Q1 2026.
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 17.64% for Q2 2026.
- In Q2 2026, EBT Margin rose 43.0% year-over-year to 17.64%; the TTM figure through Jun 2026 stood at 16.18% (up 287.0% YoY), while the FY2025 annual figure was 15.63%, up 1801.0% from the prior year.
- EBT Margin for Q2 2026 stood at 17.64%, down from 19.06% in the prior quarter.
- The five-year high for EBT Margin was 19.06% in Q1 2026, with the low at 18.03% in Q2 2024.
- The 4-year median for EBT Margin is 11.91% (2025), against an average of 4.96%.
- The sharpest annual moves came in 2024 and 2025: EBT Margin sank 1091 bps in 2024, then soared 3525 bps in 2025.
- Waystar Holding's EBT Margin stood at 7.34% in 2023, then soared by 284 bps to 13.54% in 2024, then declined by 12 bps to 11.91% in 2025, then jumped by 48 bps to 17.64% in 2026.
- Business Quant data shows WAY's EBT Margin at 17.64% in Q2 2026, 19.06% in Q1 2026, and 11.91% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 39.36% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 2.41% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 26.06% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | -12.34% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 20.88% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -10.99% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 17.64% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 25.77% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | -24.53% |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 2.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 17.64% |
| 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% |