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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Wheels Up Experience (UP) Gross Margin (2020 - 2025)

Wheels Up Experience has reported Gross Margin over the past 6 years, most recently at 6.8% for Q3 2025.

  • For Q3 2025, Gross Margin fell 8287.0% year-over-year to 6.8%; the TTM value through Sep 2025 reached 115.42%, up 4547.0%, while the annual FY2024 figure was 89.36%, 356.0% down from the prior year.
  • Gross Margin for Q3 2025 was 6.8% at Wheels Up Experience, down from 87.14% in the prior quarter.
  • Over five years, Gross Margin peaked at 330.69% in Q4 2024 and troughed at 2.19% in Q1 2022.
  • A 5-year average of 71.38% and a median of 89.12% in 2024 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: crashed -9615bps in 2022 and later skyrocketed 23773bps in 2024.
  • Year by year, Gross Margin stood at 76.79% in 2021, then tumbled by -96bps to 3.09% in 2022, then soared by 2905bps to 92.97% in 2023, then surged by 256bps to 330.69% in 2024, then crashed by -98bps to 6.8% in 2025.
  • Business Quant data shows Gross Margin for UP at 6.8% in Q3 2025, 87.14% in Q2 2025, and 10.76% in Q1 2025.