WAY Stock — Waystar Holding Corp.

Waystar Holding Corp. (WAY)

Updated October 16, 2026.

WAY is a Stock. Total return is 32.2% over the past 2.4 years, 15.0 points behind SPY at 47.2%.

Waystar Holding Corp. develops cloud-based software solutions for healthcare payments, offering platforms for financial clearance, patient financial care, claim and payer payment management, denials prevention and recovery, clinical integrity, revenue capture, and analytics across the healthcare industry. The company does not currently distribute dividends. This operating business may appeal to investors seeking equity exposure to healthcare technology rather than income-focused investors.

WAY performance versus SPY

Price and return data through 2026-10-16.

Total return is 32.2% over the past 2.4 years, 15.0 points behind SPY at 47.2%. Over the past year its total return — price change plus distributions reinvested — is -25.7%. Its deepest 1-year drawdown was 56.3%.

WAY key facts

Asset type

Stock

Asset class

Equity

Inception date

06/07/2024

Distribution frequency

None

Last close

$27.36 (as of 2026-10-16)

Market cap

$5,246,236,662

Average volume

2707235.0

Beta

0.177

Payout ratio

0.0%

P/E ratio

39.09

Forward P/E

12.8041

EPS

$0.70

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

WAY risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 56.3%.

Who may consider WAY — and who may not

It is a weaker fit for investors who need monthly cash flow (WAY does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on WAY

• All tickers starting with W

Tagged: Healthcare.

Frequently asked questions