Waystar Holding Corp. (WAY) Revenue History
Annual and quarterly revenue from 2021 to present
WAY Revenue Over Time (2021–2025)
WAY Revenue Growth History
4 of 4 years with positive growth- FY2021 revenue growth
- N/A
- FY2022 revenue growth
- +21.8%
- FY2023 revenue growth
- +12.2%
- FY2024 revenue growth
- +19.3%
- FY2025 revenue growth
- +16.5%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $313.9M | +22.4% |
| Q4 2025 | $303.5M | +24.3% |
| Q3 2025 | $268.7M | +11.9% |
| Q2 2025 | $270.7M | +15.4% |
| Q1 2025 | $256.4M | +14.1% |
| Q4 2024 | $244.1M | +18.1% |
| Q3 2024 | $240.1M | +21.7% |
| Q2 2024 | $234.5M | +19.7% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
WAY's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
WAY Revenue Analysis (2021–2025)
Current Revenue & Growth
As of June 13, 2026, Waystar Holding Corp. (WAY) generated trailing twelve-month (TTM) revenue of $1.16 billion, reflecting exceptional growth of +22.4% year-over-year. The most recent quarter (Q1 2026) recorded $313.9 million in revenue, up 3.4% sequentially.
Historical Growth Trajectory
WAY's historical revenue data shows a 3-year CAGR of +16.0%. Waystar Holding Corp.'s highest annual revenue of $1.10 billion was recorded in 2025, an all-time high.
Revenue by Segment
WAY's revenue is primarily driven by Subscription and Circulation (100%). With over half of revenue concentrated in Subscription and Circulation, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including NVCR (+8.5% YoY), COLL (+19.9% YoY), and MTEX (-7.5% YoY) — WAY has outperformed the peer group in revenue growth. Compare WAY vs NVCR →
WAY Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
 WAYCurrent | $1.2B | +22.4% | - | 24.2% | |
 NVCR | $655M | +8.5% | +5.8% | -23.5% | |
 COLL | $781M | +19.9% | +20.3% | 24.0% | |
 MTEX | $108M | -7.5% | -6.5% | -0.4% | |
 VEEV | $3.2B | +16.2% | +16.9% | 28.7% | |
 HIMS | $2.3B | +32.8% | +73.6% | 4.5% |
WAY Historical Revenue Data (2021–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.10B | +16.5% | $710.7M | 64.6% | $266.2M | 24.2% |
| 2024 | $943.5M | +19.3% | $627.8M | 66.5% | $123.7M | 13.1% |
| 2023 | $791.0M | +12.2% | $541.2M | 68.4% | $142.1M | 18.0% |
| 2022 | $704.9M | +21.8% | $490.0M | 69.5% | $89.5M | 12.7% |
| 2021 | $578.6M | - | $426.8M | 73.8% | $60.3M | 10.4% |
What if you invested $1,000 in WAY back in 2021?
Total return with dividends reinvested · 5+ years of data
Calculate ReturnsHow much would $100/month in WAY be worth today?
Dollar cost averaging vs lump sum · see how regular investing compounds over time
Run the NumbersIs WAY Undervalued Right Now?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationWAY vs NVDA — which is the better buy?
Side-by-side revenue, margins, P/E and 10-year returns vs NVIDIA Corporation.
Compare NowWAY — Frequently Asked Questions
Quick answers to the most common questions about buying WAY stock.
Is WAY's revenue growth accelerating or slowing?
WAY revenue growth is accelerating. TTM revenue reached $1.2B, up +22.4% year-over-year — ahead of the 5-year CAGR of N/A. This indicates the business is expanding faster than its historical baseline.
What is WAY's revenue history from 2021 to 2026?
Waystar Holding Corp. (WAY) revenue history spans 2021 to 2026. TTM revenue as of 2026 is $1.2B, growing at +22.4% YoY. The 5-year CAGR is N/A. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is WAY's long-term revenue growth rate (CAGR)?
Waystar Holding Corp.'s 5-year revenue CAGR of N/A reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +22.4% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for WAY.
Why does WAY's quarterly revenue fluctuate?
WAY quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Waystar Holding Corp.'s revenue data from 2021 to 2026 shows full historical quarterly detail on this page.
How is WAY's revenue distributed by segment?
WAY reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does WAY's revenue compare to industry peers?
Waystar Holding Corp. (WAY) with TTM revenue of $1.2B and +22.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.