Wheels Up Experience (UP) Invested Capital (2020 - 2025)
Wheels Up Experience (UP) recorded Invested Capital of -$56.7 million in Q4 2025, compared with $205.95 million a year earlier.
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Analysis
Wheels Up Experience (UP) Invested Capital (2020 - 2025) Analysis & Trends
Starting with Q4 2020, Wheels Up Experience's Invested Capital history includes 18 quarters.
- Across earlier years, Invested Capital came in at $205.95 million in FY2024 (-42.2%), $356.47 million in FY2023 (-29.4%), $505.16 million in FY2022 (-31.4%) and $736.23 million in FY2021 (+45.8%).
- The Q4 2025 figure is the lowest quarterly Invested Capital in data going back to Q4 2020.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 45.8% in Q4 2021, against a decline of 70.0% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $49.37 million (Q3 2025), $75.13 million (Q2 2025) and $126.32 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - | 51.00 Bn |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - | 32.95 Bn |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - | 52.60 Bn |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - | 39.58 Bn |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - | 32.87 Bn |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - | 57.36 Bn |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - | 36.87 Bn |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - | 4.57 Bn |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn | 11.09 Bn |
| 10 | Wheels Up Experience | 122.82 Mn | -415.28 Mn | - | -56.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -56.70 Mn |
| Sep 30, 2025 | 49.37 Mn |
| Jun 30, 2025 | 75.13 Mn |
| Mar 31, 2025 | 126.32 Mn |
| Dec 31, 2024 | 205.95 Mn |
| Sep 30, 2024 | 121.97 Mn |
| Jun 30, 2024 | 167.61 Mn |
| Mar 31, 2024 | 245.98 Mn |
| Dec 31, 2023 | 356.47 Mn |
| Sep 30, 2023 | 405.90 Mn |
| Jun 30, 2023 | 249.37 Mn |
| Mar 31, 2023 | 410.59 Mn |
| Dec 31, 2022 | 505.16 Mn |
| Dec 31, 2021 | 736.23 Mn |
| Sep 30, 2021 | 793.21 Mn |
| Jun 30, 2021 | 265.84 Mn |
| Mar 31, 2021 | 293.30 Mn |
| Dec 31, 2020 | 504.92 Mn |
API Access
Wheels Up Experience Invested Capital 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=invested-capital&ticker=UP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=UP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();