UL Solutions (ULS) Tax Rate (2023 - 2026)
Quarterly results put Tax Rate at 24.81% for Q1 2026, up 34.0% from a year ago — trailing twelve months through Mar 2026 was 26.53% (up 819.0% YoY), and the annual figure for FY2025 was 26.6%, up 973.0%.
UL Solutions has reported Tax Rate over the past 4 years, most recently at 24.81% for Q1 2026.
- Tax Rate reached 24.81% in Q1 2026 per ULS's latest filing, down from 32.38% in the prior quarter.
- Across five years, Tax Rate topped out at 32.38% in Q4 2025 and bottomed at 7.61% in Q4 2024.
- Median Tax Rate over the past 4 years was 21.52% (2023), compared with a mean of 21.48%.
- The largest annual shift saw Tax Rate plummeted -1391bps in 2024 before it soared 2477bps in 2025.
- Over 4 years, Tax Rate stood at 21.52% in 2023, then tumbled by -65bps to 7.61% in 2024, then soared by 326bps to 32.38% in 2025, then decreased by -23bps to 24.81% in 2026.
- Business Quant data shows Tax Rate for ULS at 24.81% in Q1 2026, 32.38% in Q4 2025, and 27.4% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | - |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 20.55 |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 20.65 |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 24.81 |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | 5.27 |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 21.71 |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 25.72 |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 30.77 |
| 10 | Dolby Laboratories | 5.15 Bn | 4.56 Bn | 350.90 Mn | 20.22 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.81 |
| Mar 31, 2026 | 24.81 |
| Dec 31, 2025 | 32.38 |
| Dec 31, 2025 | 32.38 |
| Sep 30, 2025 | 27.40 |
| Sep 30, 2025 | 27.40 |
| Jun 30, 2025 | 22.40 |
| Jun 30, 2025 | 22.40 |
| Mar 31, 2025 | 24.47 |
| Mar 31, 2025 | 24.47 |
| Dec 31, 2024 | 7.61 |
| Dec 31, 2024 | 7.61 |
| Sep 30, 2024 | 18.97 |
| Sep 30, 2024 | 18.97 |
| Jun 30, 2024 | 20.90 |
| Jun 30, 2024 | 20.90 |
| Mar 31, 2024 | 17.81 |
| Mar 31, 2024 | 17.81 |
| Dec 31, 2023 | 21.52 |
| Dec 31, 2023 | 21.52 |
| Sep 30, 2023 | 24.00 |
| Sep 30, 2023 | 24.00 |
| Jun 30, 2023 | 17.50 |
| Jun 30, 2023 | 17.50 |
| Mar 31, 2023 | 19.44 |
| Mar 31, 2023 | 19.44 |