Wheels Up Experience (UP) Operating Leases (2020 - 2025)
Wheels Up Experience (UP) reported Operating Leases of $121.07 million for Q4 2025, up 138.3% from $50.81 million a year earlier and up 158.0% from the prior quarter.
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Analysis
Wheels Up Experience (UP) Operating Leases (2020 - 2025) Analysis & Trends
Dating back to Q4 2020, Wheels Up Experience's Operating Leases record includes 19 quarters.
- Operating Leases has a five-year compound annual growth rate of 16.5% (FY2020 to FY2025).
- By year, Operating Leases came in at $50.81 million in FY2024 (-7.5%), $54.96 million in FY2023 (-33.6%), $82.76 million in FY2022 (-0.8%) and $83.46 million in FY2021 (+48.1%).
- The Q4 2025 figure ranks as the highest quarterly Operating Leases in data going back to Q4 2020.
- Year over year, Operating Leases gained in three of the last eight quarters, with growth averaging 6.5%.
- The high point for year-over-year Operating Leases in five years was Q4 2025 (growth of 138.3%); the low point was Q1 2024 (a decline of 33.8%).
- Per Business Quant data, the three quarters before Q4 2025 came in at $46.93 million (Q3 2025), $50.77 million (Q2 2025) and $53.08 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 | - |
| 4 | United Parcel Service | 70.66 Bn | 47.58 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 | - |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn |
| 10 | Wheels Up Experience | 130.02 Mn | -408.08 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 121.07 Mn |
| Sep 30, 2025 | 46.93 Mn |
| Jun 30, 2025 | 50.77 Mn |
| Mar 31, 2025 | 53.08 Mn |
| Dec 31, 2024 | 50.81 Mn |
| Sep 30, 2024 | 47.82 Mn |
| Jun 30, 2024 | 49.89 Mn |
| Mar 31, 2024 | 51.09 Mn |
| Dec 31, 2023 | 54.96 Mn |
| Sep 30, 2023 | 58.91 Mn |
| Jun 30, 2023 | 71.32 Mn |
| Mar 31, 2023 | 77.14 Mn |
| Dec 31, 2022 | 82.76 Mn |
| Sep 30, 2022 | 87.03 Mn |
| Jun 30, 2022 | 90.80 Mn |
| Mar 31, 2022 | 95.31 Mn |
| Dec 31, 2021 | 83.46 Mn |
| Sep 30, 2021 | 87.09 Mn |
| Dec 31, 2020 | 56.36 Mn |
API Access
Wheels Up Experience Operating Leases 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=operating-leases&ticker=UP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=UP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();