Waystar Holding (WAY) Net Margin (2023 - 2026)
Waystar Holding's quarterly Net Margin came in at 13.8% in Q1 2026, up 239.0% year-on-year from 4.07% in Q1 2025, and up 109.75% quarter-over-quarter from 6.58% in Q4 2025.
Waystar Holding has reported Net Margin for 4 years, with the latest figure at 13.8% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 239.0% year-over-year to 13.8%; the trailing twelve-month figure through Mar 2026 stood at 10.9% (up 823.0% YoY), and the FY2025 full-year result was 10.2%, up 1222.0% from the prior year.
- Net Margin for Q1 2026 stood at 13.8%, up from 6.58% in the prior quarter.
- The five-year high for Net Margin was 13.8% in Q1 2026, with the low at 11.8% in Q2 2024.
- Average Net Margin over 4 years is 2.16%, with a median of 4.42% recorded in 2024.
- Year-over-year, Net Margin plunged 629 bps in 2024 and surged 2370 bps in 2025.
- Tracing WAY's Net Margin over 4 years: stood at 6.97% in 2023, then surged by 212 bps to 7.82% in 2024, then dropped by 16 bps to 6.58% in 2025, then jumped by 110 bps to 13.8% in 2026.
- The last three Net Margin figures came in at 13.8% (Q1 2026), 6.58% (Q4 2025), and 11.4% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 29.21% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 2.06% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 19.57% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 18.66% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 13.15% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 13.80% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | -8.93% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 0.61% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 3.68% |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | -10.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.80% |
| Dec 31, 2025 | 6.58% |
| Sep 30, 2025 | 11.40% |
| Jun 30, 2025 | 11.89% |
| Mar 31, 2025 | 11.41% |
| Dec 31, 2024 | 7.82% |
| Sep 30, 2024 | 2.25% |
| Jun 30, 2024 | -11.80% |
| Mar 31, 2024 | -7.09% |
| Dec 31, 2023 | -6.97% |
| Sep 30, 2023 | -7.85% |
| Jun 30, 2023 | -5.52% |