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| Date | Value |
|---|---|
| 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% |