Waystar Holding (WAY) Operating Margin (2023 - 2026)
Waystar Holding (WAY) recorded Operating Margin of 23.79% in Q2 2026, down 0.17 percentage points from 23.96% a year earlier and down 1.85 percentage points from the prior quarter.
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Analysis
Waystar Holding (WAY) Operating Margin (2023 - 2026) Analysis & Trends
On a TTM basis, Waystar Holding's Operating Margin came in at 22.87% as of Jun 30, 2026, up 2.07 percentage points year-over-year; for FY2025, it was 22.68%, up 9.57 percentage points from FY2024.
- Annual Operating Margin has a three-year change of +9.99 percentage points (FY2022 to FY2025).
- Across earlier years, Operating Margin came in at 13.11% in FY2024 (-4.85 pp), 17.96% in FY2023 (+5.27 pp) and 12.69% in FY2022.
- Quarterly Operating Margin has ranged from 3.52% in Q2 2024 to 25.64% in Q1 2026 over the past five years.
- On a year-over-year basis, Operating Margin rose in five of the last eight quarters, with an average year-over-year change of +4.69 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 20.44 percentage points in Q2 2025, against a drop of 15.46 percentage points in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 25.64% (Q1 2026), 19.44% (Q4 2025) and 22.42% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 29.64% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 0.96% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 7.97% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 27.75% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 13.58% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 11.37% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 22.24% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 8.22% |
| 10 | Waystar Holding | 4.94 Bn | 4.08 Bn | 221.99 Mn | 23.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.79% |
| Mar 31, 2026 | 25.64% |
| Dec 31, 2025 | 19.44% |
| Sep 30, 2025 | 22.42% |
| Jun 30, 2025 | 23.96% |
| Mar 31, 2025 | 25.43% |
| Dec 31, 2024 | 21.77% |
| Sep 30, 2024 | 11.31% |
| Jun 30, 2024 | 3.52% |
| Mar 31, 2024 | 15.65% |
| Dec 31, 2023 | 18.23% |
| Sep 30, 2023 | 16.33% |
| Jun 30, 2023 | 18.98% |
API Access
Waystar Holding Operating 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=operating-margin&ticker=WAY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=WAY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();