Waystar Holding (WAY) Tax Rate (2023 - 2026)
Waystar Holding (WAY) posted Tax Rate of 27.54% for Q2 2026, little changed on a QoQ basis from 27.64% in Q1 2026, and down 339.0% year-over-year from 11.52% in Q2 2025.
Analysis
Waystar Holding (WAY) Tax Rate (2023 - 2026) Analysis & Trends
Waystar Holding has reported Tax Rate for 4 years, with the latest figure at 27.54% in Q2 2026.
- On a quarterly basis, Tax Rate fell 339.0% year-over-year to 27.54% in Q2 2026; TTM through Jun 2026 was 30.92%, a 527.0% decrease from a year earlier, with the FY2025 full-year figure at 34.74%, up 1957.0% from the prior year.
- Tax Rate was 27.54% for Q2 2026 at Waystar Holding, roughly flat from 27.64% in the prior quarter.
- The five-year high for Tax Rate was 44.7% in Q4 2025, with the low at 4.99% in Q4 2023.
- Average Tax Rate over 4 years is 29.95%, with a median of 28.33% recorded in 2025.
- The sharpest annual moves came in 2024 and 2025: Tax Rate surged 3730 bps in 2024, then tumbled 966 bps in 2025.
- Over 4 years, Tax Rate stood at 4.99% in 2023, then soared by 748 bps to 42.29% in 2024, then climbed by 6 bps to 44.7% in 2025, then slumped by 38 bps to 27.54% in 2026.
- The last three Tax Rate figures came in at 27.54% (Q2 2026), 27.64% (Q1 2026), and 44.7% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 21.77% |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 27.54% |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 39.76% |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 32.04% |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 13.41% |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | 18.67% |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | 4.81% |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 44.81% |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 23.31% |
| 10 | Phreesia | 677.81 Mn | 677.81 Mn | 110.19 Mn | 40.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.54% |
| Mar 31, 2026 | 27.64% |
| Dec 31, 2025 | 44.70% |
| Sep 30, 2025 | 28.33% |
| Jun 30, 2025 | 30.92% |
| Mar 31, 2025 | 36.80% |
| Dec 31, 2024 | 42.29% |
| Sep 30, 2024 | 37.99% |
| Jun 30, 2024 | 34.54% |
| Mar 31, 2024 | 27.74% |
| Dec 31, 2023 | 4.99% |
| Sep 30, 2023 | 23.32% |
| Jun 30, 2023 | 22.55% |