UL Solutions (ULS) Tax Rate (2023 - 2026)
UL Solutions (ULS) reported Tax Rate of 24.81% for Q1 2026, up 34.0% on a YoY basis from 18.51% in Q1 2025, and down 23.39% sequentially from 32.38% in Q4 2025.
UL Solutions (ULS) Tax Rate (2023 - 2026) Analysis & Trends
UL Solutions (ULS) has 4 years of Tax Rate data on file, last reported at 24.81% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 34.0% year-over-year to 24.81%; the trailing twelve-month figure through Mar 2026 stood at 26.53% (up 819.0% YoY), and the FY2025 full-year result was 26.6%, up 973.0% from the prior year.
- Tax Rate retreated to 24.81% in Q1 2026, from 32.38% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 32.38% in Q4 2025 to a low of 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.
- Across the five-year window, Tax Rate sank 1391 bps in 2024 and soared 2477 bps in 2025, its largest moves.
- Tracing ULS's Tax Rate over 4 years: stood at 21.52% in 2023, then sank by 65 bps to 7.61% in 2024, then surged by 326 bps to 32.38% in 2025, then retreated by 23 bps to 24.81% in 2026.
- Business Quant data shows ULS's Tax Rate 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 | Cintas | 82.43 Bn | 82.25 Bn | 1.45 Bn | 20.55 |
| 2 | Rentokil Initial | 71.81 Bn | 69.31 Bn | - | - |
| 3 | Relx | 63.28 Bn | 63.04 Bn | - | - |
| 4 | Thomson Reuters | 40.35 Bn | 39.49 Bn | - | -19.56 |
| 5 | Copart | 26.32 Bn | 22.97 Bn | 732.88 Mn | 20.06 |
| 6 | Global Payments | 22.09 Bn | 16.23 Bn | 1.70 Bn | 5.27 |
| 7 | Rb Global | 20.79 Bn | 20.60 Bn | 927.90 Mn | 21.71 |
| 8 | UL Solutions | 17.26 Bn | 17.01 Bn | 381.00 Mn | 24.81 |
| 9 | Aramark | 15.08 Bn | 14.60 Bn | 426.39 Mn | 25.72 |
| 10 | Amentum Holdings | 5.52 Bn | 5.10 Bn | 345.00 Mn | 30.77 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.81 |
| Mar 31, 2026 | 24.81 |
| Mar 31, 2026 | 24.81 |
| Dec 31, 2025 | 32.38 |
| Dec 31, 2025 | 32.38 |
| Dec 31, 2025 | 32.38 |
| Sep 30, 2025 | 27.40 |
| Sep 30, 2025 | 27.40 |
| Sep 30, 2025 | 27.40 |
| Jun 30, 2025 | 22.40 |
| Jun 30, 2025 | 22.40 |
| Jun 30, 2025 | 22.40 |
| Mar 31, 2025 | 24.47 |
| Mar 31, 2025 | 24.47 |
| Mar 31, 2025 | 24.47 |
| Dec 31, 2024 | 7.61 |
| Dec 31, 2024 | 7.61 |
| Dec 31, 2024 | 7.61 |
| Sep 30, 2024 | 18.97 |
| Sep 30, 2024 | 18.97 |