Growth Metrics

Waystar Holding (WAY) Net Margin (2023 - 2025)

Waystar Holding's Net Margin history spans 3 years, with the latest figure at 6.59% for Q4 2025.

  • For Q4 2025, Net Margin fell 123.0% year-over-year to 6.59%; the TTM value through Dec 2025 reached 10.2%, up 1222.0%, while the annual FY2025 figure was 10.2%, 1222.0% up from the prior year.
  • Net Margin reached 6.59% in Q4 2025 per WAY's latest filing, down from 11.41% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 11.89% in Q2 2025 to a low of 11.8% in Q2 2024.
  • Average Net Margin over 3 years is 1.1%, with a median of 2.25% recorded in 2024.
  • Peak YoY movement for Net Margin: crashed -629bps in 2024, then skyrocketed 2370bps in 2025.
  • A 3-year view of Net Margin shows it stood at 6.97% in 2023, then surged by 212bps to 7.82% in 2024, then fell by -16bps to 6.59% in 2025.
  • Per Business Quant, the three most recent readings for WAY's Net Margin are 6.59% (Q4 2025), 11.41% (Q3 2025), and 11.89% (Q2 2025).