Waystar Holding (WAY) Gross Margin (2023 - 2026)
Waystar Holding (WAY) posted Gross Margin of 69.44% for Q2 2026, up 0.52% on a QoQ basis from 69.08% in Q1 2026, and up 160.0% year-over-year from 26.71% in Q2 2025.
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Waystar Holding (WAY) Gross Margin (2023 - 2026) Analysis & Trends
Waystar Holding has reported Gross Margin for 4 years, with the latest figure at 69.44% in Q2 2026.
- On a quarterly basis, Gross Margin rose 160.0% year-over-year to 69.44% in Q2 2026; TTM through Jun 2026 was 69.11%, a 178.0% increase from a year earlier, with the FY2025 full-year figure at 68.33%, up 179.0% from the prior year.
- Gross Margin was 69.44% for Q2 2026 at Waystar Holding, up from 69.08% in the prior quarter.
- The five-year high for Gross Margin was 69.48% in Q4 2025, with the low at 65.7% in Q2 2024.
- Average Gross Margin over 4 years is 67.88%, with a median of 67.84% recorded in 2025.
- The sharpest annual moves came in 2024 and 2025: Gross Margin tumbled 343 bps in 2024, then soared 214 bps in 2025.
- Over 4 years, Gross Margin stood at 67.49% in 2023, then declined by 0 bps to 67.41% in 2024, then grew by 3 bps to 69.48% in 2025, then decreased by 0 bps to 69.44% in 2026.
- The last three Gross Margin figures came in at 69.44% (Q2 2026), 69.08% (Q1 2026), and 69.48% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 75.00% |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 69.44% |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 84.87% |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 73.67% |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 78.61% |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | 55.07% |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | 62.34% |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 89.52% |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 65.35% |
| 10 | Phreesia | 677.81 Mn | 677.81 Mn | 110.19 Mn | 85.11% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 69.44% |
| Mar 31, 2026 | 69.08% |
| Dec 31, 2025 | 69.48% |
| Sep 30, 2025 | 68.31% |
| Jun 30, 2025 | 67.84% |
| Mar 31, 2025 | 67.50% |
| Dec 31, 2024 | 67.41% |
| Sep 30, 2024 | 66.46% |
| Jun 30, 2024 | 65.70% |
| Mar 31, 2024 | 66.55% |
| Dec 31, 2023 | 67.49% |
| Sep 30, 2023 | 68.10% |
| Jun 30, 2023 | 69.13% |