UL Solutions (ULS) Tax Rate (2023 - 2026)
UL Solutions (ULS) recorded Tax Rate of 26.88% in Q3 2026, down 0.52 percentage points from 27.40% a year earlier but up 2.02 percentage points from the prior quarter.
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Analysis
UL Solutions (ULS) Tax Rate (2023 - 2026) Analysis & Trends
On a TTM basis, UL Solutions' Tax Rate came in at 26.37% as of Sep 30, 2026, up 4.92 percentage points year-over-year; for FY2025, it was 26.60%, up 9.73 percentage points from FY2024.
- Annual Tax Rate has a three-year change of +7.27 percentage points (FY2022 to FY2025).
- Across earlier years, Tax Rate came in at 16.87% in FY2024 (-3.36 pp), 20.23% in FY2023 (+0.91 pp) and 19.32% in FY2022.
- Quarterly Tax Rate has ranged from 7.61% in Q4 2024 to 32.38% in Q4 2025 over the past five years.
- On a year-over-year basis, Tax Rate rose in six of the last eight quarters, with an average year-over-year change of +3.72 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 24.77 percentage points in Q4 2025, against a drop of 13.91 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 24.85% (Q2 2026), 24.81% (Q1 2026) and 32.38% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 153.56 Bn | 111.49 Bn | 5.98 Bn | 27.32% |
| 2 | Cintas | 88.59 Bn | 87.67 Bn | 1.55 Bn | 20.02% |
| 3 | Iron Mountain | 33.27 Bn | 32.47 Bn | 1.06 Bn | 30.57% |
| 4 | APi | 18.49 Bn | 15.70 Bn | 770.00 Mn | 26.45% |
| 5 | Rollins | 18.05 Bn | 17.59 Bn | 582.90 Mn | 25.73% |
| 6 | UL Solutions | 16.33 Bn | 14.33 Bn | 423.00 Mn | 26.88% |
| 7 | Aramark | 14.48 Bn | 12.43 Bn | 430.34 Mn | 27.92% |
| 8 | Rentokil Initial | 11.94 Bn | 6.46 Bn | - | - |
| 9 | Gartner | 11.90 Bn | 5.39 Bn | 1.07 Bn | 16.15% |
| 10 | Tetra Tech | 10.45 Bn | 9.56 Bn | 243.21 Mn | 27.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 26.88% |
| Jun 30, 2026 | 24.85% |
| Mar 31, 2026 | 24.81% |
| Dec 31, 2025 | 32.38% |
| Sep 30, 2025 | 27.40% |
| Jun 30, 2025 | 22.40% |
| Mar 31, 2025 | 24.47% |
| Dec 31, 2024 | 7.61% |
| Sep 30, 2024 | 18.97% |
| Jun 30, 2024 | 20.90% |
| Mar 31, 2024 | 17.81% |
| Dec 31, 2023 | 21.52% |
| Sep 30, 2023 | 24.00% |
| Jun 30, 2023 | 17.50% |
| Mar 31, 2023 | 19.44% |
API Access
UL Solutions Tax Rate 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=tax-rate&ticker=ULS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=ULS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();