Wheels Up Experience (UP) Accumulated Expenses (2020 - 2025)
Wheels Up Experience (UP) reported Accumulated Expenses of $104.01 million for Q4 2025, up 16.2% from $89.48 million a year earlier and up 3.3% from the prior quarter.
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Analysis
Wheels Up Experience (UP) Accumulated Expenses (2020 - 2025) Analysis & Trends
Dating back to Q4 2020, Wheels Up Experience's Accumulated Expenses record includes 21 quarters.
- Accumulated Expenses has a five-year compound annual growth rate of 7.8% (FY2020 to FY2025).
- By year, Accumulated Expenses came in at $89.48 million in FY2024 (-12.7%), $102.48 million in FY2023 (-31.2%), $148.95 million in FY2022 (+39.0%) and $107.15 million in FY2021 (+50.1%).
- The Q4 2025 figure ranks as the highest quarterly Accumulated Expenses since Q2 2023.
- Year over year, Accumulated Expenses has now increased in each of the last three quarters, with an average decline of 6.4% over the last eight quarters.
- The high point for year-over-year Accumulated Expenses in five years was Q3 2022 (growth of 54.5%); the low point was Q1 2024 (a decline of 34.6%).
- Per Business Quant data, the three quarters before Q4 2025 came in at $100.7 million (Q3 2025), $96.1 million (Q2 2025) and $84.9 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - |
| 10 | Wheels Up Experience | 99.77 Mn | -438.33 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 104.01 Mn |
| Sep 30, 2025 | 100.70 Mn |
| Jun 30, 2025 | 96.10 Mn |
| Mar 31, 2025 | 84.90 Mn |
| Dec 31, 2024 | 89.48 Mn |
| Sep 30, 2024 | 94.37 Mn |
| Jun 30, 2024 | 88.12 Mn |
| Mar 31, 2024 | 90.12 Mn |
| Dec 31, 2023 | 102.48 Mn |
| Sep 30, 2023 | 100.81 Mn |
| Jun 30, 2023 | 115.86 Mn |
| Mar 31, 2023 | 137.72 Mn |
| Dec 31, 2022 | 148.95 Mn |
| Sep 30, 2022 | 128.56 Mn |
| Jun 30, 2022 | 124.07 Mn |
| Mar 31, 2022 | 102.33 Mn |
| Dec 31, 2021 | 107.15 Mn |
| Sep 30, 2021 | 83.23 Mn |
| Jun 30, 2021 | 3.95 Mn |
| Mar 31, 2021 | 3.87 Mn |
API Access
Wheels Up Experience Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=UP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "UP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=UP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();