Waystar Holding (WAY) Tax Rate (2023 - 2026)

Waystar Holding's (WAY) quarterly Tax Rate came in at 27.64% in Q1 2026, down 907.0% year-on-year from 3.43% in Q1 2025, and down 38.22% quarter-over-quarter from 44.75% in Q4 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 27.64% for Q1 2026.

  • On a quarterly basis, Tax Rate fell 907.0% year-over-year to 27.64% in Q1 2026; TTM through Mar 2026 was 31.94%, a 1104.0% decrease from a year earlier, with the FY2025 full-year figure at 34.74%, up 1957.0% from the prior year.
  • Tax Rate eased to 27.64% in Q1 2026 per WAY's latest filing, from 44.75% in the prior quarter.
  • Across five years, Tax Rate topped out at 44.75% in Q4 2025 and bottomed at 5.27% in Q4 2023.
  • The 4-year median for Tax Rate is 29.59% (2025), against an average of 30.15%.
  • Across the five-year window, Tax Rate surged 3701 bps in 2024 and slumped 973 bps in 2025, its largest moves.
  • Year by year, Tax Rate stood at 5.27% in 2023, then surged by 702 bps to 42.28% in 2024, then rose by 6 bps to 44.75% in 2025, then sank by 38 bps to 27.64% in 2026.
  • Per Business Quant, the three latest WAY Tax Rate figures stand at 27.64% (Q1 2026), 44.75% (Q4 2025), and 28.25% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Veeva Systems 31.88 Bn 24.57 Bn 662.02 Mn 24.92%
2 BrightSpring Health Services 14.60 Bn 13.70 Bn 482.22 Mn 10.32%
3 Healthequity 8.29 Bn 8.03 Bn 256.31 Mn 24.88%
4 Hinge Health 5.94 Bn 5.63 Bn 154.23 Mn 2.26%
5 10x Genomics 5.83 Bn 5.29 Bn 106.18 Mn -4.85%
6 Waystar Holding 4.49 Bn 4.42 Bn 216.84 Mn 27.64%
7 MiniMed 4.47 Bn 4.17 Bn 480.00 Mn -101.09%
8 Doximity 3.97 Bn 3.23 Bn 125.97 Mn 40.49%
9 Privia Health 3.17 Bn 2.75 Bn - 60.15%
10 Omnicell 1.86 Bn 1.62 Bn 140.36 Mn 32.81%

Historic Data

Download Data
DateValue
Mar 31, 2026 27.64%
Mar 31, 2026 27.64%
Mar 31, 2026 27.64%
Dec 31, 2025 44.75%
Dec 31, 2025 44.75%
Dec 31, 2025 44.75%
Sep 30, 2025 28.25%
Sep 30, 2025 28.25%
Sep 30, 2025 28.25%
Jun 30, 2025 30.92%
Jun 30, 2025 30.92%
Jun 30, 2025 30.92%
Mar 31, 2025 36.71%
Mar 31, 2025 36.71%
Mar 31, 2025 36.71%
Dec 31, 2024 42.28%
Dec 31, 2024 42.28%
Dec 31, 2024 42.28%
Sep 30, 2024 37.99%
Sep 30, 2024 37.99%