Waystar Holding (WAY) FCF Margin (2023 - 2026)
Waystar Holding (WAY) recorded FCF Margin of 13.54% in Q2 2026, down 20.08 percentage points from 33.62% a year earlier and down 8.63 percentage points from the prior quarter.
Powered by 
Analysis
Waystar Holding (WAY) FCF Margin (2023 - 2026) Analysis & Trends
On a TTM basis, Waystar Holding's FCF Margin came in at 20.42% as of Jun 30, 2026, down 7.12 percentage points year-over-year; for FY2025, it was 25.76%, up 10.66 percentage points from FY2024.
- Annual FCF Margin has a three-year change of +13.67 percentage points (FY2022 to FY2025).
- Across earlier years, FCF Margin came in at 15.10% in FY2024 (+11.32 pp), 3.79% in FY2023 (-8.30 pp) and 12.09% in FY2022.
- The Q2 2026 figure is the lowest quarterly FCF Margin since Q2 2024.
- On a year-over-year basis, FCF Margin has declined for four consecutive quarters, with an average year-over-year change of +10.33 percentage points over the last eight quarters.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 37.70 percentage points in Q3 2024, against a drop of 20.08 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 22.17% (Q1 2026), 18.85% (Q4 2025) and 28.35% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 25.72% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 12.73% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 6.81% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 41.55% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 23.99% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 27.26% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 30.11% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 8.32% |
| 10 | Waystar Holding | 4.94 Bn | 4.08 Bn | 221.99 Mn | 13.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.54% |
| Mar 31, 2026 | 22.17% |
| Dec 31, 2025 | 18.85% |
| Sep 30, 2025 | 28.35% |
| Jun 30, 2025 | 33.62% |
| Mar 31, 2025 | 22.94% |
| Dec 31, 2024 | 23.98% |
| Sep 30, 2024 | 29.24% |
| Jun 30, 2024 | 3.66% |
| Mar 31, 2024 | 2.30% |
| Dec 31, 2023 | 2.74% |
| Sep 30, 2023 | -8.46% |
API Access
Waystar Holding FCF 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=fcf-margin&ticker=WAY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=WAY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();