UL Solutions (ULS) Operating Income (2023 - 2026)
UL Solutions' Operating Income was $162 million in Q3 2026, up 3.8% from $156 million a year earlier and up 8.0% from the prior quarter.
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Analysis
UL Solutions (ULS) Operating Income (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, UL Solutions' Operating Income was $568 million through Sep 30, 2026, up 9.4% year-over-year; for FY2025, it came in at $522 million, up 13.0% from FY2024.
- Operating Income shows a three-year compound annual growth rate of 8.2% (FY2022 to FY2025).
- In earlier years, Operating Income was $462 million in FY2024 (+25.5%), $368 million in FY2023 (-10.7%) and $412 million in FY2022.
- The Q3 2026 figure marks the highest quarterly Operating Income in data going back to Q1 2023.
- Compared with a year earlier, Operating Income has increased for 11 straight quarters, with growth averaging 15.6% over the last eight quarters.
- Across the past five years, year-over-year growth in Operating Income ran from 2.6% in Q4 2025 to 46.1% in Q3 2024.
- Per Business Quant data, ULS's Operating Income in the three quarters before Q3 2026 was $150 million (Q2 2026), $138 million (Q1 2026) and $118 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 172.92 Bn | 132.01 Bn | 5.98 Bn | 2.86 Bn |
| 2 | Cintas | 90.00 Bn | 89.09 Bn | 1.55 Bn | 711.89 Mn |
| 3 | Iron Mountain | 32.99 Bn | 32.50 Bn | 1.06 Bn | 410.57 Mn |
| 4 | Rollins | 18.37 Bn | 17.91 Bn | 582.90 Mn | 222.86 Mn |
| 5 | APi | 18.18 Bn | 15.39 Bn | 770.00 Mn | 202.00 Mn |
| 6 | UL Solutions | 16.47 Bn | 14.51 Bn | 423.00 Mn | 162.00 Mn |
| 7 | Aramark | 14.29 Bn | 12.30 Bn | 430.34 Mn | 215.59 Mn |
| 8 | Rentokil Initial | 11.99 Bn | 5.51 Bn | - | - |
| 9 | Gartner | 11.92 Bn | 5.41 Bn | 1.07 Bn | 281.11 Mn |
| 10 | Tetra Tech | 10.41 Bn | 9.52 Bn | 243.21 Mn | 157.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 162.00 Mn |
| Jun 30, 2026 | 150.00 Mn |
| Mar 31, 2026 | 138.00 Mn |
| Dec 31, 2025 | 118.00 Mn |
| Sep 30, 2025 | 156.00 Mn |
| Jun 30, 2025 | 139.00 Mn |
| Mar 31, 2025 | 109.00 Mn |
| Dec 31, 2024 | 115.00 Mn |
| Sep 30, 2024 | 130.00 Mn |
| Jun 30, 2024 | 126.00 Mn |
| Mar 31, 2024 | 91.00 Mn |
| Dec 31, 2023 | 86.00 Mn |
| Sep 30, 2023 | 89.00 Mn |
| Jun 30, 2023 | 117.00 Mn |
| Mar 31, 2023 | 75.00 Mn |
API Access
UL Solutions Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=ULS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "ULS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=ULS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();