UL Solutions (ULS) Operating Income (2023 - 2026)
UL Solutions' Operating Income was $150 million in Q2 2026, up 7.9% from $139 million a year earlier and up 8.7% 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 $562 million through Jun 30, 2026, up 14.0% 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.
- Quarterly Operating Income has moved between $75 million (Q1 2023) and $156 million (Q3 2025) over five years.
- Compared with a year earlier, Operating Income has increased for ten straight quarters, with growth averaging 20.9% 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 Q2 2026 was $138 million (Q1 2026), $118 million (Q4 2025) and $156 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 122.50 Bn | 82.91 Bn | 6.13 Bn | 3.18 Bn |
| 2 | Cintas | 78.05 Bn | 77.24 Bn | 1.48 Bn | 673.04 Mn |
| 3 | Iron Mountain | 33.02 Bn | 32.53 Bn | 1.07 Bn | 373.53 Mn |
| 4 | APi | 16.68 Bn | 13.72 Bn | 703.00 Mn | 175.00 Mn |
| 5 | Rollins | 14.49 Bn | 14.04 Bn | 569.95 Mn | 201.36 Mn |
| 6 | Aramark | 14.11 Bn | 12.13 Bn | 430.34 Mn | 215.59 Mn |
| 7 | UL Solutions | 13.27 Bn | 12.05 Bn | 417.00 Mn | 150.00 Mn |
| 8 | Gartner | 11.78 Bn | 5.47 Bn | 1.19 Bn | 378.52 Mn |
| 9 | Rentokil Initial | 9.98 Bn | 3.32 Bn | - | - |
| 10 | Tetra Tech | 8.44 Bn | 7.55 Bn | 243.21 Mn | 157.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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();