Wheels Up Experience (WSUPW) Operating Margin (2020 - 2025)
Wheels Up Experience (WSUPW) recorded quarterly Operating Margin of 33.07% in Q3 2025, down 5.22% quarter-over-quarter from 31.43% in Q2 2025, and down 1148.0% on a YoY basis from 3.16% in Q3 2024.
Wheels Up Experience (WSUPW) Operating Margin (2020 - 2025) Analysis & Trends
Wheels Up Experience's Operating Margin history runs 6 years deep, the most recent figure standing at 33.07% for Q3 2025.
- In Q3 2025, Operating Margin fell 1148.0% year-over-year to 33.07%; the TTM figure through Sep 2025 stood at 33.67% (down 124.0% YoY), while the FY2024 annual figure was 32.67%, up 272.0% from the prior year.
- Operating Margin was 33.07% for Q3 2025 at Wheels Up Experience, down from 31.43% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 8.68% in Q2 2021 to a low of 58.91% in Q4 2021.
- Historically, Operating Margin has averaged 32.76% across 5 years, with a median of 31.43% in 2025.
- The sharpest annual moves came in 2021 and 2023: Operating Margin tumbled 5791 bps in 2021, then soared 2791 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 58.91% in 2021, then advanced by 8 bps to 54.26% in 2022, then surged by 51 bps to 26.35% in 2023, then rose by 1 bps to 26.04% in 2024, then decreased by 27 bps to 33.07% in 2025.
- The last three Operating Margin figures came in at 33.07% (Q3 2025), 31.43% (Q2 2025), and 45.49% (Q1 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Pacific Airport | 6,659.14 Bn | 6,658.57 Bn | 9.82 Bn | 44.47% |
| 2 | Joby Aviation | 9.01 Bn | 9.01 Bn | 5.44 Mn | -963.38% |
| 3 | Southeast Airport | 4.62 Bn | 4.02 Bn | - | - |
| 4 | Central North Airport | 2.05 Bn | 1.93 Bn | - | - |
| 5 | Wheels Up Experience | 259.93 Mn | 126.00 Mn | - | - |
| 6 | Volato | 5.42 Mn | 3.15 Mn | 703,000.00 | -235.41% |
| 7 | AerSale | 3.97 Mn | -405,177.49 | - | - |
| 8 | Corporacion America Airports | 11,914.50 | -674.98 Mn | 198.55 Mn | 25.94% |
| 9 | Icts International N V | - | - | - | - |
| 10 | Wheels Up Experience | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -33.07% |
| Jun 30, 2025 | -31.43% |
| Mar 31, 2025 | -45.49% |
| Dec 31, 2024 | -26.04% |
| Sep 30, 2024 | -21.59% |
| Jun 30, 2024 | -40.28% |
| Mar 31, 2024 | -42.90% |
| Dec 31, 2023 | -26.35% |
| Sep 30, 2023 | -40.31% |
| Jun 30, 2023 | -45.66% |
| Mar 31, 2023 | -27.47% |
| Dec 31, 2022 | -54.26% |
| Sep 30, 2022 | -36.08% |
| Jun 30, 2022 | -22.12% |
| Mar 31, 2022 | -28.47% |
| Dec 31, 2021 | -58.91% |
| Sep 30, 2021 | -22.71% |
| Jun 30, 2021 | -8.68% |
| Mar 31, 2021 | -10.57% |
| Dec 31, 2020 | -1.01% |