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| Date | Value |
|---|---|
| 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% |