UL Solutions (ULS) Tax Rate (2023 - 2026)

UL Solutions (ULS) posted Tax Rate of 24.81% for Q1 2026, down 23.39% sequentially from 32.38% in Q4 2025, and up 34.0% YoY from 18.51% in Q1 2025.

UL Solutions (ULS) Tax Rate (2023 - 2026) Analysis & Trends

UL Solutions has reported Tax Rate for 4 years, with the latest figure at 24.81% in Q1 2026.

Quarterly Tax Rate rose 34.0% year-over-year to 24.81% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 26.53% (up 819.0% YoY) and the FY2025 annual result came in at 26.6%, up 973.0% from the prior year.
Tax Rate retreated to 24.81% in Q1 2026 per ULS's latest filing, from 32.38% in the prior quarter.
Over five years, Tax Rate peaked at 32.38% in Q4 2025 and troughed at 7.61% in Q4 2024.
A 4-year average of 21.48% and a median of 21.52% in 2023 frame the typical range for Tax Rate.
The sharpest annual moves came in 2024 and 2025: Tax Rate tumbled 1391 bps in 2024, then surged 2477 bps in 2025.
Over 4 years, Tax Rate stood at 21.52% in 2023, then plunged by 65 bps to 7.61% in 2024, then surged by 326 bps to 32.38% in 2025, then dropped by 23 bps to 24.81% in 2026.
According to Business Quant data, Tax Rate over the past three periods registered 24.81%, 32.38%, and 27.4% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Cintas	81.69 Bn	81.40 Bn	1.48 Bn	21.20%
2	Relx	64.97 Bn	64.80 Bn	-	-
3	Copart	32.09 Bn	28.74 Bn	732.88 Mn	20.06%
4	Global Payments	24.80 Bn	19.40 Bn	2.03 Bn	-4.72%
5	Rb Global	16.24 Bn	15.72 Bn	935.50 Mn	22.80%
6	Aramark	15.68 Bn	15.18 Bn	430.34 Mn	27.92%
7	UL Solutions	15.20 Bn	14.77 Bn	417.00 Mn	24.85%
8	Rentokil Initial	11.80 Bn	9.27 Bn	-	-
9	Dolby Laboratories	6.05 Bn	5.38 Bn	264.68 Mn	33.33%
10	Unifirst	5.23 Bn	5.06 Bn	234.73 Mn	18.52%

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