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Wheels Up Experience (UP) Operating Expenses (2020 - 2025)

Wheels Up Experience has reported Operating Expenses over the past 6 years, most recently at $246.8 million for Q3 2025.

  • For Q3 2025, Operating Expenses rose 4.69% year-over-year to $246.8 million; the TTM value through Dec 2025 reached $754.4 million, down 28.22%, while the annual FY2024 figure was $1.1 billion, 38.07% down from the prior year.
  • Operating Expenses for Q3 2025 was $246.8 million at Wheels Up Experience, down from $249.2 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $629.8 million in Q4 2022 and troughed at $235.8 million in Q3 2024.
  • A 5-year average of $370.5 million and a median of $311.3 million in 2023 define the central range for Operating Expenses.
  • Biggest five-year swings in Operating Expenses: surged 20110.97% in 2021 and later crashed 50.57% in 2023.
  • Year by year, Operating Expenses stood at $427.3 million in 2021, then surged by 47.39% to $629.8 million in 2022, then plummeted by 50.57% to $311.3 million in 2023, then dropped by 17.07% to $258.1 million in 2024, then dropped by 4.39% to $246.8 million in 2025.
  • Business Quant data shows Operating Expenses for UP at $246.8 million in Q3 2025, $249.2 million in Q2 2025, and $258.3 million in Q1 2025.