Waystar Holding (WAY) Tax Rate (2023 - 2026)
Waystar Holding (WAY) recorded quarterly Tax Rate of 27.58% in Q1 2026, down 38.36% quarter-over-quarter from 44.75% in Q4 2025, and down 913.0% on a YoY basis from 3.39% in Q1 2025.
Waystar Holding (WAY) Tax Rate (2023 - 2026) Analysis & Trends
Waystar Holding's Tax Rate history runs 4 years deep, the most recent figure standing at 27.58% for Q1 2026.
- In Q1 2026, Tax Rate fell 913.0% year-over-year to 27.58%; the TTM figure through Mar 2026 stood at 31.94% (down 1099.0% YoY), while the FY2025 annual figure was 34.74%, up 1957.0% from the prior year.
- Tax Rate was 27.58% for Q1 2026 at Waystar Holding, down from 44.75% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 44.75% in Q4 2025 to a low of 4.99% in Q4 2023.
- Historically, Tax Rate has averaged 30.1% across 4 years, with a median of 29.62% in 2025.
- The sharpest annual moves came in 2024 and 2025: Tax Rate jumped 3730 bps in 2024, then plunged 936 bps in 2025.
- A 4-year view of Tax Rate shows it stood at 4.99% in 2023, then surged by 748 bps to 42.29% in 2024, then advanced by 6 bps to 44.75% in 2025, then plunged by 38 bps to 27.58% in 2026.
- The last three Tax Rate figures came in at 27.58% (Q1 2026), 44.75% (Q4 2025), and 28.33% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 24.92 |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 10.32 |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 24.88 |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 2.26 |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | -4.85 |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 40.49 |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 27.58 |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 60.15 |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 32.53 |
| 10 | Teladoc Health | 1.45 Bn | 696.57 Mn | 562.57 Mn | -4.92 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 27.58% |
| Mar 31, 2026 | 27.58% |
| Dec 31, 2025 | 44.75% |
| Dec 31, 2025 | 44.75% |
| Sep 30, 2025 | 28.33% |
| Sep 30, 2025 | 28.33% |
| Jun 30, 2025 | 30.91% |
| Jun 30, 2025 | 30.91% |
| Mar 31, 2025 | 36.71% |
| Mar 31, 2025 | 36.71% |
| Dec 31, 2024 | 42.29% |
| Dec 31, 2024 | 42.29% |
| Sep 30, 2024 | 37.69% |
| Sep 30, 2024 | 37.69% |
| Jun 30, 2024 | 34.54% |
| Jun 30, 2024 | 34.54% |
| Mar 31, 2024 | 27.56% |
| Mar 31, 2024 | 27.56% |
| Dec 31, 2023 | 4.99% |
| Dec 31, 2023 | 4.99% |