Growth Metrics

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

Wheels Up Experience has reported Net Margin over the past 6 years, most recently at 45.12% for Q3 2025.

  • For Q3 2025, Net Margin fell 1535.0% year-over-year to 45.12%; the TTM value through Sep 2025 reached 46.58%, down 662.0%, while the annual FY2024 figure was 42.88%, 399.0% down from the prior year.
  • Net Margin for Q3 2025 was 45.12% at Wheels Up Experience, down from 43.4% in the prior quarter.
  • Over five years, Net Margin peaked at 10.14% in Q2 2021 and troughed at 57.16% in Q4 2021.
  • A 5-year average of 37.34% and a median of 42.74% in 2024 define the central range for Net Margin.
  • Biggest five-year swings in Net Margin: crashed -4090bps in 2021 and later surged 2217bps in 2023.
  • Year by year, Net Margin stood at 57.16% in 2021, then rose by 4bps to 55.09% in 2022, then skyrocketed by 40bps to 32.92% in 2023, then dropped by -30bps to 42.74% in 2024, then decreased by -6bps to 45.12% in 2025.
  • Business Quant data shows Net Margin for UP at 45.12% in Q3 2025, 43.4% in Q2 2025, and 55.94% in Q1 2025.