UL Solutions (ULS) Gross Margin (2023 - 2026)
UL Solutions' (ULS) quarterly Gross Margin came in at 51.1% in Q2 2026, up 188.0% year-over-year from 17.74% in Q2 2025, and up 1.67% quarter-over-quarter from 50.26% in Q1 2026.
Powered by 
Analysis
UL Solutions (ULS) Gross Margin (2023 - 2026) Analysis & Trends
UL Solutions has disclosed Gross Margin across 4 years of filings, most recently posting 51.1% for Q2 2026.
- In Q2 2026, Gross Margin rose 188.0% year-over-year to 51.1%; the TTM figure through Jun 2026 stood at 50.35% (up 193.0% YoY), while the FY2025 annual figure was 49.46%, up 96.0% from the prior year.
- Gross Margin came in at 51.1% for Q2 2026 at UL Solutions, up from 50.26% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 51.1% in Q2 2026 to a low of 46.74% in Q1 2023.
- Average Gross Margin over 4 years is 48.89%, with a median of 49.04% recorded in 2023.
- The largest YoY upside for Gross Margin was 246 bps in 2025 against a maximum downside of 91 bps in 2025.
- Over 4 years, Gross Margin stood at 46.93% in 2023, then grew by 1 bps to 47.23% in 2024, then climbed by 5 bps to 49.68% in 2025, then increased by 3 bps to 51.1% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 51.1% in Q2 2026, 50.26% in Q1 2026, and 49.68% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 124.62 Bn | 115.58 Bn | 6.13 Bn | 32.77% |
| 2 | UL Solutions | 14.92 Bn | 14.51 Bn | 417.00 Mn | 51.10% |
| 3 | Gartner | 11.76 Bn | 10.28 Bn | 1.19 Bn | 70.95% |
| 4 | Tetra Tech | 9.19 Bn | 8.96 Bn | 243.21 Mn | 18.59% |
| 5 | Booz Allen Hamilton Holding | 8.76 Bn | 8.22 Bn | 1.46 Bn | 52.29% |
| 6 | Genpact | 6.27 Bn | 5.75 Bn | 490.34 Mn | 36.50% |
| 7 | Korn Ferry | 4.28 Bn | 3.15 Bn | 685.99 Mn | 89.29% |
| 8 | Fti Consulting | 4.20 Bn | 4.04 Bn | 316.27 Mn | 31.84% |
| 9 | Grand Canyon Education | 4.01 Bn | 3.73 Bn | 204.08 Mn | 77.29% |
| 10 | Exponent | 3.25 Bn | 3.18 Bn | 158.75 Mn | 92.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.10% |
| Mar 31, 2026 | 50.26% |
| Dec 31, 2025 | 49.68% |
| Sep 30, 2025 | 50.32% |
| Jun 30, 2025 | 49.23% |
| Mar 31, 2025 | 48.23% |
| Dec 31, 2024 | 47.23% |
| Sep 30, 2024 | 48.97% |
| Jun 30, 2024 | 50.14% |
| Mar 31, 2024 | 47.61% |
| Dec 31, 2023 | 46.93% |
| Sep 30, 2023 | 49.11% |
| Jun 30, 2023 | 48.91% |
| Mar 31, 2023 | 46.74% |