Wheels Up Experience (UP) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 11.9%
EBITDA Margin: -34.2%
Op. Margin: -40.9%
Net Margin: -58.9%

Op. margin of -40.9% is down 9.4% YoY — costs are rising relative to revenue. Net margin at -58.9% and gross margin of 11.9% show how much of each revenue dollar survives to profit.

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit