Waystar Holding (WAY) Gross Margin (2023 - 2026)
Waystar Holding (WAY) recorded Gross Margin of 69.44% in Q2 2026, up 1.60 percentage points from 67.84% a year earlier and up 0.36 percentage points from the prior quarter.
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Analysis
Waystar Holding (WAY) Gross Margin (2023 - 2026) Analysis & Trends
On a TTM basis, Waystar Holding's Gross Margin came in at 69.11% as of Jun 30, 2026, up 1.78 percentage points year-over-year; for FY2025, it was 68.33%, up 1.79 percentage points from FY2024.
- Annual Gross Margin has a three-year change of -1.19 percentage points (FY2022 to FY2025).
- Across earlier years, Gross Margin came in at 66.54% in FY2024 (-1.89 pp), 68.42% in FY2023 (-1.09 pp) and 69.51% in FY2022.
- Quarterly Gross Margin has ranged from 65.70% in Q2 2024 to 69.48% in Q4 2025 over the past five years.
- On a year-over-year basis, Gross Margin has increased for six consecutive quarters, with an average year-over-year change of +1.06 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 2.14 percentage points in Q2 2025, against a drop of 3.43 percentage points in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 69.08% (Q1 2026), 69.48% (Q4 2025) and 68.31% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 75.00% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 77.21% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 27.04% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 81.74% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 69.43% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 72.62% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 56.53% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 78.70% |
| 10 | Waystar Holding | 4.94 Bn | 4.08 Bn | 221.99 Mn | 69.44% |
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% |
API Access
Waystar Holding Gross 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=gross-margin&ticker=WAY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=WAY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();