UL Solutions ULS
NYSE ULS
$72.94 -0.25 (-0.34%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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