Wheels Up Experience (WSUPW) Gross Margin (2020 - 2025)

Wheels Up Experience's Gross Margin history runs 6 years deep, the most recent figure standing at 6.8% for Q3 2025.

• In Q3 2025, Gross Margin fell 8287.0% year-over-year to 6.8%; the TTM figure through Sep 2025 stood at 115.42% (up 4547.0% YoY), while the FY2024 annual figure was 89.36%, down 356.0% from the prior year.
• Gross Margin was 6.8% for Q3 2025 at Wheels Up Experience, down from 87.14% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 330.69% in Q4 2024 to a low of 2.19% in Q1 2022.
• Historically, Gross Margin has averaged 71.38% across 5 years, with a median of 89.12% in 2024.
• The sharpest annual moves came in 2022 and 2024: Gross Margin sank 9615 bps in 2022, then jumped 23773 bps in 2024.
• A 5-year view of Gross Margin shows it stood at 76.79% in 2021, then sank by 96 bps to 3.09% in 2022, then jumped by 2905 bps to 92.97% in 2023, then soared by 256 bps to 330.69% in 2024, then slumped by 98 bps to 6.8% in 2025.
• The last three Gross Margin figures came in at 6.8% (Q3 2025), 87.14% (Q2 2025), and 10.76% (Q1 2025), per Business Quant data.