UL Solutions (ULS) Cost of Revenue (2023 - 2026)

UL Solutions (ULS) has 4 years of Cost of Revenue data on file, last reported at $377.0 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 3.29% year-over-year to $377.0 million; the trailing twelve-month figure through Mar 2026 stood at $1.6 billion (up 4.29% YoY), and the FY2025 full-year result was $1.5 billion, up 4.4% from the prior year.
• Cost of Revenue eased to $377.0 million in Q1 2026, from $397.0 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $397.0 million in Q4 2025 to a low of $335.0 million in Q1 2023.
• A 4-year average of $368.7 million and a median of $365.0 million in 2025 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue grew 8.43% in 2024 and climbed 1.79% in 2025, its largest moves.
• Tracing ULS's Cost of Revenue over 4 years: stood at $363.0 million in 2023, then climbed by 7.44% to $390.0 million in 2024, then advanced by 1.79% to $397.0 million in 2025, then fell by 5.04% to $377.0 million in 2026.
• Business Quant data shows ULS's Cost of Revenue at $377.0 million in Q1 2026, $397.0 million in Q4 2025, and $389.0 million in Q3 2025.