Wheels Up Experience (UP) FCF Margin (2020 - 2025)
Wheels Up Experience (UP) posted FCF Margin of -32.56% for Q3 2025, down 21.25 percentage points from -11.32% a year earlier but up 8.91 percentage points from the prior quarter.
Powered by 
Analysis
Wheels Up Experience (UP) FCF Margin (2020 - 2025) Analysis & Trends
For the trailing twelve months through Sep 30, 2025, FCF Margin at Wheels Up Experience was -35.89%, down 18.83 percentage points year-over-year; for FY2024, it was -25.34%, up 29.35 percentage points from FY2023.
- Annual FCF Margin shows a five-year change of -15.13 percentage points (FY2019 to FY2024).
- In prior years, Wheels Up Experience's FCF Margin was -54.69% in FY2023 (-34.80 pp), -19.89% in FY2022 (-29.21 pp), 9.32% in FY2021 (-19.83 pp) and 29.14% in FY2020 (+39.35 pp).
- Quarterly FCF Margin has run from a low of -78.09% in Q3 2023 to a high of 96.30% in Q4 2020 over five years.
- On a year-over-year basis, FCF Margin increased in four of the last eight quarters, with an average year-over-year change of +5.60 percentage points.
- The strongest year-over-year quarter for FCF Margin in the past five years was Q3 2024, with a gain of 66.77 percentage points; the weakest was Q4 2022, with a drop of 65.09 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was -41.47% (Q2 2025), -35.28% (Q1 2025) and -34.26% (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 32.09% |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 19.09% |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 23.25% |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 0.73% |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 17.75% |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 7.16% |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 12.05% |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | 12.59% |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | 10.83% |
| 10 | Wheels Up Experience | 130.02 Mn | -408.08 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -32.56% |
| Jun 30, 2025 | -41.47% |
| Mar 31, 2025 | -35.28% |
| Dec 31, 2024 | -34.26% |
| Sep 30, 2024 | -11.32% |
| Jun 30, 2024 | -15.68% |
| Mar 31, 2024 | -39.48% |
| Dec 31, 2023 | -4.73% |
| Sep 30, 2023 | -78.09% |
| Jun 30, 2023 | -63.46% |
| Mar 31, 2023 | -60.04% |
| Dec 31, 2022 | 13.26% |
| Sep 30, 2022 | -36.10% |
| Jun 30, 2022 | -6.83% |
| Mar 31, 2022 | -57.60% |
| Dec 31, 2021 | 78.35% |
| Sep 30, 2021 | -11.73% |
| Jun 30, 2021 | -12.85% |
| Mar 31, 2021 | -33.25% |
| Dec 31, 2020 | 96.30% |
API Access
Wheels Up Experience FCF 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=fcf-margin&ticker=UP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=UP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();