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

UL Solutions has reported Cost of Revenue for 4 years, with the latest figure at $377.0 million in Q1 2026.

• Quarterly Cost of Revenue rose 3.29% year-over-year to $377.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.6 billion (up 4.29% YoY) and the FY2025 annual result came in at $1.5 billion, up 4.4% from the prior year.
• Cost of Revenue eased to $377.0 million in Q1 2026 per ULS's latest filing, from $397.0 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $397.0 million in Q4 2025 and troughed at $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.
• The sharpest annual moves came in 2024 and 2025: Cost of Revenue rose 8.43% in 2024, then increased 1.79% in 2025.
• Over 4 years, Cost of Revenue stood at $363.0 million in 2023, then rose by 7.44% to $390.0 million in 2024, then increased by 1.79% to $397.0 million in 2025, then slipped by 5.04% to $377.0 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $377.0 million, $397.0 million, and $389.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.