Growth Metrics

Wheels Up Experience (UP) Gross Margin (2021 - 2025)

Wheels Up Experience (UP) has 6 years of Gross Margin data on record, last reported at 6.8% in Q3 2025.

  • For Q3 2025, Gross Margin fell 8287.0% year-over-year to 6.8%; the TTM value through Sep 2025 reached 52.95%, up 1101.0%, while the annual FY2024 figure was 89.36%, 8769.0% up from the prior year.
  • Gross Margin reached 6.8% in Q3 2025 per UP's latest filing, up from 63.59% in the prior quarter.
  • Across five years, Gross Margin topped out at 172.67% in Q4 2024 and bottomed at 158.77% in Q3 2022.
  • Average Gross Margin over 5 years is 27.45%, with a median of 6.12% recorded in 2021.
  • The widest YoY moves for Gross Margin: up 23077bps in 2022, down -16489bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 0.17% in 2021, then skyrocketed by 53096bps to 92.81% in 2022, then crashed by -102bps to 1.84% in 2023, then skyrocketed by 9460bps to 172.67% in 2024, then tumbled by -96bps to 6.8% in 2025.
  • Per Business Quant database, its latest 3 readings for Gross Margin were 6.8% in Q3 2025, 63.59% in Q2 2025, and 87.52% in Q1 2025.