Waystar Holding (WAY) Operating Income (2023 - 2026)
Waystar Holding's (WAY) quarterly Operating Income came in at $80.5 million in Q1 2026, up 23.4% year-on-year from $65.2 million in Q1 2025, and up 36.34% quarter-over-quarter from $59.0 million in Q4 2025.
Waystar Holding (WAY) Operating Income (2023 - 2026) Analysis & Trends
Waystar Holding's Operating Income history runs 4 years deep, the most recent figure standing at $80.5 million for Q1 2026.
- On a quarterly basis, Operating Income rose 23.4% year-over-year to $80.5 million in Q1 2026; TTM through Mar 2026 was $264.6 million, a 72.08% increase from a year earlier, with the FY2025 full-year figure at $249.3 million, up 101.5% from the prior year.
- Operating Income rose to $80.5 million in Q1 2026 per WAY's latest filing, from $59.0 million in the prior quarter.
- Across five years, Operating Income topped out at $80.5 million in Q1 2026 and bottomed at $8.2 million in Q2 2024.
- The 4-year median for Operating Income is $45.4 million (2023), against an average of $46.7 million.
- Across the five-year window, Operating Income tumbled 77.83% in 2024 and jumped 686.49% in 2025, its largest moves.
- Year by year, Operating Income stood at $37.7 million in 2023, then soared by 41.01% to $53.1 million in 2024, then climbed by 11.06% to $59.0 million in 2025, then jumped by 36.34% to $80.5 million in 2026.
- Per Business Quant, the three latest WAY Operating Income figures stand at $80.5 million (Q1 2026), $59.0 million (Q4 2025), and $60.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 32.06 Bn | 24.75 Bn | 662.02 Mn | 273.11 Mn |
| 2 | BrightSpring Health Services | 14.64 Bn | 13.74 Bn | 482.22 Mn | 121.45 Mn |
| 3 | Healthequity | 8.29 Bn | 8.02 Bn | 256.31 Mn | 102.95 Mn |
| 4 | Hinge Health | 5.97 Bn | 5.66 Bn | 154.23 Mn | 32.07 Mn |
| 5 | 10x Genomics | 5.95 Bn | 5.41 Bn | 106.18 Mn | -17.05 Mn |
| 6 | MiniMed | 4.52 Bn | 4.22 Bn | 480.00 Mn | -93.00 Mn |
| 7 | Waystar Holding | 4.48 Bn | 4.42 Bn | 216.84 Mn | 80.47 Mn |
| 8 | Doximity | 3.95 Bn | 3.20 Bn | 125.97 Mn | 24.83 Mn |
| 9 | Privia Health | 3.14 Bn | 2.72 Bn | - | 7.42 Mn |
| 10 | Omnicell | 1.87 Bn | 1.63 Bn | 140.36 Mn | 16.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 80.47 Mn |
| Dec 31, 2025 | 59.02 Mn |
| Sep 30, 2025 | 60.23 Mn |
| Jun 30, 2025 | 64.85 Mn |
| Mar 31, 2025 | 65.21 Mn |
| Dec 31, 2024 | 53.14 Mn |
| Sep 30, 2024 | 27.15 Mn |
| Jun 30, 2024 | 8.25 Mn |
| Mar 31, 2024 | 35.19 Mn |
| Dec 31, 2023 | 37.69 Mn |
| Sep 30, 2023 | 32.22 Mn |
| Jun 30, 2023 | 37.19 Mn |