UL Solutions (ULS) Operating Expenses (2023 - 2026)
UL Solutions' (ULS) quarterly Operating Expenses came in at $267.0 million in Q2 2026, up 9.88% year-over-year from $243.0 million in Q2 2025, and up 9.88% quarter-over-quarter from $243.0 million in Q1 2026.
Analysis
UL Solutions (ULS) Operating Expenses (2023 - 2026) Analysis & Trends
UL Solutions has disclosed Operating Expenses across 4 years of filings, most recently posting $267.0 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 9.88% year-over-year to $267.0 million; the TTM figure through Jun 2026 stood at $987.0 million (up 5.34% YoY), while the FY2025 annual figure was $988.0 million, up 6.24% from the prior year.
- Operating Expenses came in at $267.0 million for Q2 2026 at UL Solutions, up from $243.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $267.0 million in Q2 2026 to a low of $206.0 million in Q3 2023.
- Average Operating Expenses over 4 years is $233.4 million, with a median of $233.0 million recorded in 2023.
- Year-over-year, Operating Expenses rose 10.68% in 2024 and advanced 1.25% in 2025.
- Over 4 years, Operating Expenses stood at $231.0 million in 2023, then increased by 1.73% to $235.0 million in 2024, then climbed by 1.7% to $239.0 million in 2025, then increased by 11.72% to $267.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $267.0 million in Q2 2026, $243.0 million in Q1 2026, and $239.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 124.62 Bn | 115.58 Bn | 6.13 Bn | 15.54 Bn |
| 2 | UL Solutions | 14.92 Bn | 14.51 Bn | 417.00 Mn | 267.00 Mn |
| 3 | Gartner | 11.76 Bn | 10.28 Bn | 1.19 Bn | 1.30 Bn |
| 4 | Tetra Tech | 9.19 Bn | 8.96 Bn | 243.21 Mn | 5.70 Mn |
| 5 | Booz Allen Hamilton Holding | 8.76 Bn | 8.22 Bn | 1.46 Bn | 2.52 Bn |
| 6 | Genpact | 6.27 Bn | 5.75 Bn | 490.34 Mn | 294.13 Mn |
| 7 | Korn Ferry | 4.28 Bn | 3.15 Bn | 685.99 Mn | 666.73 Mn |
| 8 | Fti Consulting | 4.20 Bn | 4.04 Bn | 316.27 Mn | 908.44 Mn |
| 9 | Grand Canyon Education | 4.01 Bn | 3.73 Bn | 204.08 Mn | 205.89 Mn |
| 10 | Exponent | 3.25 Bn | 3.18 Bn | 158.75 Mn | 143.59 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 267.00 Mn |
| Mar 31, 2026 | 243.00 Mn |
| Dec 31, 2025 | 239.00 Mn |
| Sep 30, 2025 | 238.00 Mn |
| Jun 30, 2025 | 243.00 Mn |
| Mar 31, 2025 | 231.00 Mn |
| Dec 31, 2024 | 235.00 Mn |
| Sep 30, 2024 | 228.00 Mn |
| Jun 30, 2024 | 240.00 Mn |
| Mar 31, 2024 | 228.00 Mn |
| Dec 31, 2023 | 231.00 Mn |
| Sep 30, 2023 | 206.00 Mn |
| Jun 30, 2023 | 220.00 Mn |
| Mar 31, 2023 | 219.00 Mn |