UL Solutions (ULS) Payables (2023 - 2026)
UL Solutions (ULS) recorded Payables of $177 million in Q3 2026, up 17.2% from $151 million a year earlier but down 1.1% from the prior quarter.
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Analysis
UL Solutions (ULS) Payables (2023 - 2026) Analysis & Trends
At the end of FY2025, UL Solutions reported Payables of $183 million, up 0.5% from FY2024.
- Across earlier years, Payables came in at $182 million in FY2024 (+7.7%) and $169 million in FY2023.
- Quarterly Payables has ranged from $134 million in Q2 2024 to $183 million in Q4 2025 over the past five years.
- On a year-over-year basis, Payables has increased for six consecutive quarters, with growth averaging 9.6% over the last eight quarters.
- Peak year-over-year performance for Payables in the last five years was growth of 28.8% in Q2 2026, against a decline of 8.3% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $179 million (Q2 2026), $168 million (Q1 2026) and $183 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 153.56 Bn | 111.49 Bn | 5.98 Bn | 3.00 Bn |
| 2 | Cintas | 88.59 Bn | 87.67 Bn | 1.55 Bn | 506.50 Mn |
| 3 | Iron Mountain | 33.27 Bn | 32.47 Bn | 1.06 Bn | 782.40 Mn |
| 4 | APi | 18.49 Bn | 15.70 Bn | 770.00 Mn | 635.00 Mn |
| 5 | Rollins | 18.05 Bn | 17.59 Bn | 582.90 Mn | 313.81 Mn |
| 6 | UL Solutions | 16.33 Bn | 14.33 Bn | 423.00 Mn | 177.00 Mn |
| 7 | Aramark | 14.48 Bn | 12.43 Bn | 430.34 Mn | 1.14 Bn |
| 8 | Rentokil Initial | 11.94 Bn | 6.46 Bn | - | 1.39 Bn |
| 9 | Gartner | 11.90 Bn | 5.39 Bn | 1.07 Bn | 939.40 Mn |
| 10 | Tetra Tech | 10.45 Bn | 9.56 Bn | 243.21 Mn | 220.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 177.00 Mn |
| Jun 30, 2026 | 179.00 Mn |
| Mar 31, 2026 | 168.00 Mn |
| Dec 31, 2025 | 183.00 Mn |
| Sep 30, 2025 | 151.00 Mn |
| Jun 30, 2025 | 139.00 Mn |
| Mar 31, 2025 | 143.00 Mn |
| Dec 31, 2024 | 182.00 Mn |
| Sep 30, 2024 | 138.00 Mn |
| Jun 30, 2024 | 134.00 Mn |
| Mar 31, 2024 | 156.00 Mn |
| Dec 31, 2023 | 169.00 Mn |
API Access
UL Solutions Payables 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=payables&ticker=ULS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=ULS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();