UL Solutions (ULS) Operating Income (2023 - 2026)

UL Solutions' (ULS) quarterly Operating Income came in at $138.0 million in Q1 2026, up 26.61% year-on-year from $109.0 million in Q1 2025, and up 16.95% quarter-over-quarter from $118.0 million in Q4 2025.

UL Solutions (ULS) Operating Income (2023 - 2026) Analysis & Trends

UL Solutions has disclosed Operating Income across 4 years of filings, most recently posting $138.0 million for Q1 2026.

  • Operating Income for Q1 2026 came in at $138.0 million, up 26.61% year-over-year; the trailing twelve-month figure through Mar 2026 was $551.0 million (up 14.79% YoY), and the FY2025 annual result was $522.0 million, up 12.99% from the prior year.
  • Operating Income came in at $138.0 million for Q1 2026 at UL Solutions, up from $118.0 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $156.0 million in Q3 2025 to a low of $75.0 million in Q1 2023.
  • The 4-year median for Operating Income is $117.0 million (2023), against an average of $114.5 million.
  • Across the five-year window, Operating Income soared 46.07% in 2024 and advanced 2.61% in 2025, its largest moves.
  • UL Solutions' Operating Income stood at $86.0 million in 2023, then surged by 33.72% to $115.0 million in 2024, then grew by 2.61% to $118.0 million in 2025, then gained by 16.95% to $138.0 million in 2026.
  • The last three Operating Income figures came in at $138.0 million (Q1 2026), $118.0 million (Q4 2025), and $156.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Cintas 70.95 Bn 70.77 Bn 1.45 Bn 659.90 Mn
2 Copart 29.43 Bn 26.09 Bn 1.08 Bn 464.28 Mn
3 Rb Global 20.04 Bn 19.85 Bn 869.50 Mn 217.50 Mn
4 UL Solutions 19.54 Bn 19.30 Bn 381.00 Mn 138.00 Mn
5 Global Payments 18.52 Bn 13.33 Bn 1.70 Bn -15.65 Mn
6 Aramark 14.28 Bn 13.87 Bn 426.35 Mn 219.75 Mn
7 Relx 11.84 Bn 11.60 Bn - -
8 Amentum Holdings 5.58 Bn 5.67 Bn 345.00 Mn 151.00 Mn
9 Dolby Laboratories 5.00 Bn 4.42 Bn 350.90 Mn 112.95 Mn
10 Unifirst 4.79 Bn 4.63 Bn 218.82 Mn 26.01 Mn

Historic Data

Download Data
DateValue
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