Wheels Up Experience (UP) Intangibles (2020 - 2025)
Wheels Up Experience (UP) recorded Intangibles of $75.1 million in Q4 2025, down 22.5% from $96.9 million a year earlier and down 6.2% from the prior quarter.
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Analysis
Wheels Up Experience (UP) Intangibles (2020 - 2025) Analysis & Trends
Starting with Q4 2020, Wheels Up Experience's Intangibles history includes 19 quarters.
- Annual Intangibles has declined for five straight years, with a five-year compound annual growth rate of -14.4% (FY2020 to FY2025).
- Across earlier years, Intangibles came in at $96.9 million in FY2024 (-17.7%), $117.77 million in FY2023 (-16.9%), $141.77 million in FY2022 (-3.5%) and $146.96 million in FY2021 (-10.2%).
- The Q4 2025 figure is the lowest quarterly Intangibles in data going back to Q4 2020.
- On a year-over-year basis, Intangibles has declined for 14 consecutive quarters, with an average decline of 18.8% over the last eight quarters.
- The year-over-year decline in Intangibles has ranged between 3.5% (Q4 2022) and 22.5% (Q4 2025) over the last five years.
- Per Business Quant, the preceding three quarters came in at $80.06 million (Q3 2025), $87.37 million (Q2 2025) and $92.06 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | - |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | - |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 2.15 Bn |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 3.95 Bn |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | - |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | - |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 5.96 Bn |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | - |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | 170.17 Mn |
| 10 | Wheels Up Experience | 130.02 Mn | -408.08 Mn | - | 75.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 75.10 Mn |
| Sep 30, 2025 | 80.06 Mn |
| Jun 30, 2025 | 87.37 Mn |
| Mar 31, 2025 | 92.06 Mn |
| Dec 31, 2024 | 96.90 Mn |
| Sep 30, 2024 | 102.66 Mn |
| Jun 30, 2024 | 107.27 Mn |
| Mar 31, 2024 | 112.45 Mn |
| Dec 31, 2023 | 117.77 Mn |
| Sep 30, 2023 | 122.78 Mn |
| Jun 30, 2023 | 130.59 Mn |
| Mar 31, 2023 | 136.19 Mn |
| Dec 31, 2022 | 141.77 Mn |
| Sep 30, 2022 | 146.88 Mn |
| Jun 30, 2022 | 154.67 Mn |
| Mar 31, 2022 | 141.73 Mn |
| Dec 31, 2021 | 146.96 Mn |
| Sep 30, 2021 | 152.42 Mn |
| Dec 31, 2020 | 163.71 Mn |
API Access
Wheels Up Experience Intangibles 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=intangibles&ticker=UP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=UP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();