Waystar Holding Corp. (WAY) Net Margin (2023 - 2026)
Waystar Holding (WAY) recorded Net Margin of 12.78% in Q2 2026, up 0.89 percentage points from 11.89% a year earlier but down 1.01 percentage points from the prior quarter.
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Waystar Holding Corp. (WAY) Net Margin (2023 - 2026) Analysis & Trends
On a TTM basis, Waystar Holding's Net Margin came in at 11.18% as of Jun 30, 2026, up 2.68 percentage points year-over-year; for FY2025, it was 10.20%, up 12.22 percentage points from FY2024.
- Annual Net Margin has increased for three straight years, with a three-year change of +17.50 percentage points (FY2022 to FY2025).
- Across earlier years, Net Margin came in at -2.03% in FY2024 (+4.46 pp), -6.49% in FY2023 (+0.81 pp) and -7.30% in FY2022.
- Quarterly Net Margin has ranged from -11.80% in Q2 2024 to 13.79% in Q1 2026 over the past five years.
- On a year-over-year basis, Net Margin rose in seven of the last eight quarters, with an average year-over-year change of +9.79 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 23.70 percentage points in Q2 2025, against a drop of 6.29 percentage points in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 13.79% (Q1 2026), 6.59% (Q4 2025) and 11.41% (Q3 2025).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.78% |
| Mar 31, 2026 | 13.79% |
| Dec 31, 2025 | 6.59% |
| Sep 30, 2025 | 11.41% |
| 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% |
API Access
Waystar Holding Corp. Net 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=net-margin&ticker=WAY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=WAY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();