Wheels Up Experience (UP) Research & Development (2020 - 2025)
Wheels Up Experience (UP) reported Research & Development of $10.17 million for Q3 2025, up 6.0% from $9.59 million a year earlier and up 8.7% from the prior quarter.
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Analysis
Wheels Up Experience (UP) Research & Development (2020 - 2025) Analysis & Trends
Over the twelve months ended Sep 30, 2025, Wheels Up Experience's Research & Development came in at $39.54 million, down 7.6% year-over-year; for FY2024, it was $40.69 million, down 34.2% from FY2023.
- Research & Development has a five-year compound annual growth rate of 23.8% (FY2019 to FY2024).
- By year, Research & Development came in at $61.87 million in FY2023 (+8.1%), $57.24 million in FY2022 (+70.5%), $33.58 million in FY2021 (+59.8%) and $21.01 million in FY2020 (+50.4%).
- Five-year quarterly Research & Development spans a low of $5.67 million in Q4 2020 and a high of $19.96 million in Q3 2023.
- Year over year, Research & Development gained in 1 of the last eight quarters, with an average decline of 19.9%.
- The high point for year-over-year Research & Development in five years was Q3 2022 (growth of 89.7%); the low point was Q3 2024 (a decline of 51.9%).
- Per Business Quant data, the three quarters before Q3 2025 came in at $9.36 million (Q2 2025), $10.52 million (Q1 2025) and $9.49 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (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 |
|---|---|
| Sep 30, 2025 | 10.17 Mn |
| Jun 30, 2025 | 9.36 Mn |
| Mar 31, 2025 | 10.52 Mn |
| Dec 31, 2024 | 9.49 Mn |
| Sep 30, 2024 | 9.59 Mn |
| Jun 30, 2024 | 10.53 Mn |
| Mar 31, 2024 | 11.08 Mn |
| Dec 31, 2023 | 11.61 Mn |
| Sep 30, 2023 | 19.96 Mn |
| Jun 30, 2023 | 14.43 Mn |
| Mar 31, 2023 | 15.87 Mn |
| Dec 31, 2022 | 14.80 Mn |
| Sep 30, 2022 | 16.64 Mn |
| Jun 30, 2022 | 14.61 Mn |
| Mar 31, 2022 | 11.19 Mn |
| Dec 31, 2021 | 9.76 Mn |
| Sep 30, 2021 | 8.77 Mn |
| Jun 30, 2021 | 8.03 Mn |
| Mar 31, 2021 | 7.02 Mn |
| Dec 31, 2020 | 5.67 Mn |
API Access
Wheels Up Experience Research & Development 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=research-and-development&ticker=UP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=UP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();