Wheels Up Experience (UP) Net Margin (2020 - 2025)
Wheels Up Experience (UP) posted quarterly Net Margin of 45.14% for Q3 2025, down 1537.0% year-over-year from 3.14% in Q3 2024, and down 3.96% quarter-over-quarter from 43.42% in Q2 2025.
Wheels Up Experience (UP) Net Margin (2020 - 2025) Analysis & Trends
Wheels Up Experience's Net Margin history runs 6 years deep, the most recent figure standing at 45.14% for Q3 2025.
- In Q3 2025, Net Margin fell 1537.0% year-over-year to 45.14%; the TTM figure through Sep 2025 stood at 46.6% (down 663.0% YoY), while the FY2024 annual figure was 42.88%, down 399.0% from the prior year.
- Net Margin for Q3 2025 stood at 45.14%, down from 43.42% in the prior quarter.
- The five-year high for Net Margin was 10.14% in Q2 2021, with the low at 57.16% in Q4 2021.
- The 5-year median for Net Margin is 42.74% (2024), against an average of 37.34%.
- The sharpest annual moves came in 2021 and 2023: Net Margin slumped 4090 bps in 2021, then jumped 2219 bps in 2023.
- Wheels Up Experience's Net Margin stood at 57.16% in 2021, then climbed by 4 bps to 55.09% in 2022, then soared by 40 bps to 32.9% in 2023, then declined by 30 bps to 42.74% in 2024, then retreated by 6 bps to 45.14% in 2025.
- Business Quant data shows UP's Net Margin at 45.14% in Q3 2025, 43.42% in Q2 2025, and 55.95% in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Southeast Airport | 7.89 Bn | 7.25 Bn | - | - |
| 2 | Joby Aviation | 7.39 Bn | 7.39 Bn | 10.34 Mn | -635.22% |
| 3 | Central North Airport | 4.97 Bn | 4.80 Bn | - | - |
| 4 | Corporacion America Airports | 3.83 Bn | 3.07 Bn | 198.55 Mn | 14.33% |
| 5 | AerSale | 264.68 Mn | 254.63 Mn | - | - |
| 6 | Icts International N V | 224.60 Mn | 284.43 Mn | - | - |
| 7 | Wheels Up Experience | 174.55 Mn | 40.62 Mn | - | - |
| 8 | Saker Aviation Services | 5.71 Mn | -2.30 Mn | -11,875.00 | -141.89% |
| 9 | Volato | 2.19 Mn | -91,241.87 | 703,000.00 | -263.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -45.14% |
| Jun 30, 2025 | -43.42% |
| Mar 31, 2025 | -55.95% |
| Dec 31, 2024 | -42.74% |
| Sep 30, 2024 | -29.77% |
| Jun 30, 2024 | -49.40% |
| Mar 31, 2024 | -49.41% |
| Dec 31, 2023 | -32.90% |
| Sep 30, 2023 | -45.25% |
| Jun 30, 2023 | -47.93% |
| Mar 31, 2023 | -28.67% |
| Dec 31, 2022 | -55.09% |
| Sep 30, 2022 | -35.41% |
| Jun 30, 2022 | -21.80% |
| Mar 31, 2022 | -27.34% |
| Dec 31, 2021 | -57.16% |
| Sep 30, 2021 | -19.69% |
| Jun 30, 2021 | -10.14% |
| Mar 31, 2021 | -12.31% |
| Dec 31, 2020 | -16.26% |