Waystar Holding (WAY) Q3 FY2026 earnings: revenue $326 million, up 21.2% on the year
Waystar Holding Corp. (WAY) reported revenue of $326 million for Q3 FY2026, the quarter ended 30 September 2026, up 21.2% on the same quarter a year earlier. Net income was $31 million, up 1.2% on the year, and diluted earnings per share $0.16. The figures are the company's own, from the 10-Q it filed with the SEC on 2 November 2026.
Revenue
$326 million
+21.2% on the year · +1.9% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
18.8%
22.4% a year earlier
Q4 FY2024Q3 FY2026
Net income
$31 million
+1.2% on the year · -24.1% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.16
-5.9% on the year · -23.8% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Revenue
326
320
269
+1.9%
+21.2%
Cost of revenue
99.2
97.7
85.1
+1.6%
+16.5%
Gross profit
226
222
184
+2.0%
+23.4%
Gross margin
69.5%
69.4%
68.3%
Research and development
20.3
17.7
12.4
+14.5%
+63.7%
Operating income
61.3
76.0
60.2
-19.4%
+1.7%
Operating margin
18.8%
23.8%
22.4%
Interest expense
19.3
19.6
17.5
-1.8%
+10.2%
Pre-tax income
42.0
56.4
42.7
-25.6%
-1.8%
Income tax
10.9
15.5
12.1
-29.5%
-9.3%
Effective tax rate
26.1%
27.5%
28.3%
Net income
31.0
40.9
30.6
-24.1%
+1.2%
Net margin
9.5%
12.8%
11.4%
Diluted EPS
$0.16
$0.21
$0.17
-23.8%
-5.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
104
59.4
82.0
+74.8%
+26.6%
Capital expenditure
9.9
16.1
5.9
-38.4%
+68.8%
Free cash flow
93.9
43.3
76.2
+117.0%
+23.4%
Free cash flow margin
28.9%
13.5%
28.3%
Cash from investing
-76.5
-69.6
44.6
Cash from financing
-17.8
-7.1
7.2
Depreciation and amortisation
41.5
41.5
33.3
0.0%
+24.5%
Share-based compensation
24.4
13.8
11.6
+77.1%
+110.8%
Buybacks
20.7
n/a
0.0
Diluted shares, weighted
196m
195m
181m
+0.7%
+8.1%
Shares outstanding at period end
192m
192m
175m
+0.2%
+10.1%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
4,037
3,986
3,223
+1.3%
+25.3%
Debt
1,464
1,467
1,226
-0.2%
+19.4%
Operating lease liabilities
11.2
9.9
11.9
+12.8%
-5.8%
Finance lease liabilities
n/a
n/a
10.5
Other liabilities
411
406
275
+1.4%
+49.3%
Total liabilities and equity
5,923
5,869
4,746
+0.9%
+24.8%
Goodwill
4,015
4,015
3,020
+0.0%
+32.9%
Intangible assets
1,189
1,224
955
-2.8%
+24.6%
Investments
246
179
n/a
+37.5%
Cash and equivalents
30.8
12.6
421
+143.7%
-92.7%
Receivables
187
186
146
+0.6%
+28.4%
Other assets
255
253
205
+0.8%
+24.4%
Total assets
5,923
5,869
4,746
+0.9%
+24.8%
Questions
What was Waystar Holding's revenue in Q3 FY2026?
Waystar Holding (WAY) reported revenue of $326 million for Q3 FY2026, the quarter ended 30 September 2026, up 21.2% on the same quarter a year earlier.
How much did Waystar Holding earn in Q3 FY2026?
Net income for Q3 FY2026 was $31 million, up 1.2% on the year, and diluted earnings per share $0.16.
When did Waystar Holding report Q3 FY2026 results?
Waystar Holding filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 2 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 2 November 2026: the filing.