Wheels Up Experience (UP) EBITDA Margin (2020 - 2025)
Wheels Up Experience (UP) posted EBITDA Margin of -25.56% for Q3 2025, down 10.41 percentage points from -15.15% a year earlier and down 1.25 percentage points from the prior quarter.
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Analysis
Wheels Up Experience (UP) EBITDA Margin (2020 - 2025) Analysis & Trends
For the trailing twelve months through Sep 30, 2025, EBITDA Margin at Wheels Up Experience was -25.66%, down 0.06 percentage points year-over-year; for FY2024, it was -25.53%, up 5.19 percentage points from FY2023.
- Annual EBITDA Margin shows a five-year change of -15.46 percentage points (FY2019 to FY2024).
- In prior years, Wheels Up Experience's EBITDA Margin was -30.72% in FY2023 (+0.55 pp), -31.28% in FY2022 (-18.79 pp), -12.48% in FY2021 (-11.84 pp) and -0.64% in FY2020 (+9.44 pp).
- Quarterly EBITDA Margin has run from a low of -55.07% in Q4 2021 to a high of -3.96% in Q2 2021 over five years.
- On a year-over-year basis, EBITDA Margin increased in six of the last eight quarters, with an average year-over-year change of +5.74 percentage points.
- The strongest year-over-year quarter for EBITDA Margin in the past five years was Q4 2023, with a gain of 28.72 percentage points; the weakest was Q4 2021, with a drop of 47.94 percentage points.
- According to Business Quant data, EBITDA Margin for the three prior quarters was -24.31% (Q2 2025), -34.11% (Q1 2025) and -19.65% (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.50 Bn | 165.03 Bn | - | 49.55% |
| 2 | Csx | 88.86 Bn | 85.07 Bn | - | 48.72% |
| 3 | United Parcel Service | 82.91 Bn | 59.81 Bn | - | 8.36% |
| 4 | Canadian Pacific Kansas City | 76.79 Bn | 75.81 Bn | - | 47.81% |
| 5 | Norfolk Southern | 72.78 Bn | 67.42 Bn | - | 42.77% |
| 6 | Fedex | 69.54 Bn | 35.48 Bn | - | 10.71% |
| 7 | Delta Air Lines | 48.82 Bn | 31.01 Bn | - | 10.54% |
| 8 | Old Dominion Freight Line | 38.83 Bn | 38.10 Bn | - | 35.84% |
| 9 | United Airlines Holdings | 31.02 Bn | -25.36 Bn | - | 10.51% |
| 10 | Wheels Up Experience | 114.02 Mn | -424.08 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -22.86% |
| Jun 30, 2025 | -22.31% |
| Mar 31, 2025 | -33.04% |
| Dec 31, 2024 | -14.90% |
| Sep 30, 2024 | -14.99% |
| Jun 30, 2024 | -32.05% |
| Mar 31, 2024 | -36.04% |
| Dec 31, 2023 | -21.70% |
| Sep 30, 2023 | -35.08% |
| Jun 30, 2023 | -41.08% |
| Mar 31, 2023 | -23.11% |
| Dec 31, 2022 | -49.40% |
| Sep 30, 2022 | -32.15% |
| Jun 30, 2022 | -18.33% |
| Mar 31, 2022 | -24.10% |
| Dec 31, 2021 | -55.07% |
| Sep 30, 2021 | -18.19% |
| Jun 30, 2021 | -3.86% |
| Mar 31, 2021 | -5.16% |
| Dec 31, 2020 | -6.98% |
API Access
Wheels Up Experience EBITDA Margin 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=ebitda-margin&ticker=UP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=UP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();