Wheels Up Experience annual operating expenses
2019
2020
2021
2022
2023
2024
2025
Wheels Up Experience Operating Expenses Growth & History (UP)
Wheels Up Experience's operating expenses was $939.9M for fiscal 2025.
View full Wheels Up Experience company overviewWheels Up Experience annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $939.9M | −$111.0M | −10.56% |
| 2024 | 2024-12-31 | $1.05B | −$646.0M | −38.07% |
| 2023 | 2023-12-31 | $1.70B | −$442.9M | −20.70% |
| 2022 | 2022-12-31 | $2.14B | $742.2M | +53.11% |
| 2021 | 2021-12-31 | $1.40B | $639.6M | +84.38% |
| 2020 | 2020-12-31 | $757.9M | $294.9M | +63.69% |
| 2019 | 2019-12-31 | $463.0M | — | — |
Wheels Up Experience quarterly operating expenses
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $256.4M | $7.2M | +2.87% |
| Q1 2026 | 2026-03-31 | $226.3M | −$32.0M | −12.40% |
| Q4 2025 | 2025-12-31 | $185.6M | −$72.6M | −28.12% |
| Q3 2025 | 2025-09-30 | $246.8M | $11.1M | +4.69% |
| Q2 2025 | 2025-06-30 | $249.2M | −$26.1M | −9.48% |
| Q1 2025 | 2025-03-31 | $258.3M | −$23.4M | −8.29% |
| Q4 2024 | 2024-12-31 | $258.1M | −$53.2M | −17.07% |
| Q3 2024 | 2024-09-30 | $235.8M | −$213.3M | −47.50% |
| Q2 2024 | 2024-06-30 | $275.3M | −$212.7M | −43.58% |
| Q1 2024 | 2024-03-31 | $281.6M | −$166.8M | −37.20% |
| Q4 2023 | 2023-12-31 | $311.3M | −$318.5M | −50.57% |
| Q3 2023 | 2023-09-30 | $449.1M | −$123.0M | −21.49% |
| Q2 2023 | 2023-06-30 | $488.0M | −$31.6M | −6.08% |
| Q1 2023 | 2023-03-31 | $448.5M | $30.1M | +7.20% |
| Q4 2022 | 2022-12-31 | $629.8M | −$767.8M | −54.94% |
| Q3 2022 | 2022-09-30 | $572.0M | $201.5M | +54.37% |
| Q2 2022 | 2022-06-30 | $519.6M | $209.3M | +67.42% |
| Q1 2022 | 2022-03-31 | $418.4M | $129.0M | +44.60% |
| Q4 2021 | 2021-12-31 | $1.40B | — | — |
| Q3 2021 | 2021-09-30 | $370.6M | $347.1M | +1479.63% |
| Q2 2021 | 2021-06-30 | $310.4M | — | — |
| Q1 2021 | 2021-03-31 | $289.3M | — | — |
| Q3 2020 | 2020-09-30 | $23.5M | — | — |
Wheels Up Experience operating expenses trends
Over the last five fiscal years, Wheels Up Experience's operating expenses increased from $757.9M to $939.9M, a change of $182.0M. The latest reported quarter, Q2 2026, shows $256.4M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Wheels Up Experience source filings ↗