Superworth

Waystar profit margin WAY

Gross, operating and net profit as a share of revenue over the last twelve months, from 2023.

Net margin, 12 months
11.2%
Operating margin, 12 months
22.9%
Net margin on a year earlier
+2.7 pts
Peer median
8.1%

Over the twelve months to Jun 30, 2026, Waystar kept 11.2% of its revenue as net profit, with an operating margin of 22.9% and a gross margin of 69.1%.

The median for 10 infrastructure software stocks of a similar size is 8.1%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY202510.2%22.7%68.3%
FY2024−2.0%13.1%66.5%
FY2023−6.5%18.0%68.4%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY2611.2%+2.7 pts22.9%
Q1 FY2610.9%+8.2 pts22.9%
Q4 FY2510.2%+12.2 pts22.7%
Q3 FY2510.7%+16.5 pts23.4%
Q2 FY258.5%+17.0 pts20.8%
Q1 FY252.7%+9.5 pts15.8%
Q4 FY24−2.0%+4.5 pts13.1%
Q3 FY24−5.8%n/a11.9%
Q2 FY24−8.5%n/a13.1%
Q1 FY24−6.9%n/a17.3%
Q4 FY23−6.5%n/a18.0%
Q3 FY23n/an/an/a

Against its peers

Companies in Software - Infrastructure nearest Waystar's size, closest first, today.

CompanyProfit margin
WAYWaystar11.2%
ACIWACI Worldwide12.4%
PSNParsons2.5%
BBBLACKBERRY13.1%
BOXBox10.6%
SAICScience Applications International5.1%
YOUClear Secure14.8%
WKWorkiva4.9%
OTEXOpen Text12.3%
CCCCCC Intelligent Solutions3.8%
CVLTCommvault Systems5.6%
Peer median8.1%

Where Waystar ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Waystar

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.