Growth Metrics

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

Waystar Holding's Operating Margin history spans 3 years, with the latest figure at 19.44% for Q4 2025.

  • For Q4 2025, Operating Margin fell 233.0% year-over-year to 19.44%; the TTM value through Dec 2025 reached 22.68%, up 957.0%, while the annual FY2025 figure was 22.68%, 957.0% up from the prior year.
  • Operating Margin reached 19.44% in Q4 2025 per WAY's latest filing, down from 22.42% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 25.43% in Q1 2025 to a low of 3.52% in Q2 2024.
  • Average Operating Margin over 3 years is 17.91%, with a median of 18.98% recorded in 2023.
  • Peak YoY movement for Operating Margin: crashed -1546bps in 2024, then soared 2044bps in 2025.
  • A 3-year view of Operating Margin shows it stood at 18.23% in 2023, then increased by 19bps to 21.77% in 2024, then decreased by -11bps to 19.44% in 2025.
  • Per Business Quant, the three most recent readings for WAY's Operating Margin are 19.44% (Q4 2025), 22.42% (Q3 2025), and 23.96% (Q2 2025).