What are Waystar Holding Corp.'s profit margins?

Gross margin is 68.7% and operating margin is 22.9%, with a 10.9% net margin.

Where does Waystar Holding Corp.'s income statement data come from?

Every line is extracted from Waystar Holding Corp.'s SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Waystar Holding Corp. WAY Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Total revenue	$1.16B+5.2%	$1.1B+5.7%	$1.04B+2.8%	$1.01B+3.7%	$975.19M+3.4%
Total cost of revenue	$361.85M+3.9%	$348.16M+3.9%	$335.07M+1.4%	$330.48M+2.0%	$323.88M+2.6%
Gross profit	$794.87M+5.8%	$751.12M+6.6%	$704.78M+3.5%	$680.83M+4.5%	$651.31M+3.7%
Gross margin	68.7%+0.4pp	68.3%+0.6pp	67.8%+0.5pp	67.3%+0.5pp	66.8%+0.2pp
Research and development	$61.91M+13.3%	$54.62M+14.8%	$47.58M+2.9%	$46.25M-6.6%	$49.53M+1.6%
Selling and marketing	$183.72M+3.2%	$178.02M+6.1%	$167.8M+4.2%	$161.09M-1.3%	$163.28M+4.0%
General and administrative	$136.05M+5.8%	$128.62M+19.2%	$107.87M+9.9%	$98.16M-9.9%	$108.92M-2.5%
Total costs & expenses	$892.16M+5.0%	$849.97M+6.7%	$796.41M-0.6%	$800.96M-2.5%	$821.45M+0.2%
Operating income	$264.56M+6.1%	$249.31M+2.4%	$243.43M+15.7%	$210.34M+36.8%	$153.74M+24.3%
Operating margin	22.9%+0.2pp	22.7%-0.7pp	23.4%+2.6pp	20.8%+5.0pp	15.8%+2.7pp
Interest expense	——	——	——	——	——
Income before income taxes	$185.27M+7.9%	$171.76M—	——	——	——
Income tax expense	$59.17M-0.8%	$59.67M—	——	——	——
Net income	$126.1M+12.5%	$112.09M—	——	——	——
Net margin	10.9%+0.7pp	10.2%—	——	——	——
Diluted earnings per share	$0.67+9.8%	$0.61—	——	——	——
EBITDA	$413.18M+6.0%	$389.85M+2.2%	$381.53M+1.7%	$375.33M+13.9%	$329.58M+6.2%
EBITDA margin	35.7%+0.3pp	35.5%-1.2pp	36.7%-0.4pp	37.1%+3.3pp	33.8%+0.9pp
EBIT	$264.56M+6.1%	$249.31M+2.4%	$243.43M+15.7%	$210.34M+36.8%	$153.74M+24.3%

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Questions, answered.

What are Waystar Holding Corp.'s profit margins?: Gross margin is 68.7% and operating margin is 22.9%, with a 10.9% net margin.
Where does Waystar Holding Corp.'s income statement data come from?: Every line is extracted from Waystar Holding Corp.'s SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.