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

UL Solutions' (ULS) quarterly Tax Rate came in at 24.81% in Q1 2026, up 34.0% year-on-year from 18.51% in Q1 2025, and down 23.39% quarter-over-quarter from 32.38% in Q4 2025.

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

UL Solutions has disclosed Tax Rate across 4 years of filings, most recently posting 24.81% for Q1 2026.

  • Tax Rate for Q1 2026 came in at 24.81%, up 34.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 26.53% (up 819.0% YoY), and the FY2025 annual result was 26.6%, up 973.0% from the prior year.
  • Tax Rate came in at 24.81% for Q1 2026 at UL Solutions, down 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.
  • The 4-year median for Tax Rate is 21.52% (2023), against an average of 21.48%.
  • Across the five-year window, Tax Rate tumbled 1391 bps in 2024 and soared 2477 bps in 2025, its largest moves.
  • UL Solutions' Tax Rate stood at 21.52% in 2023, then plunged by 65 bps to 7.61% in 2024, then soared by 326 bps to 32.38% in 2025, then decreased by 23 bps to 24.81% in 2026.
  • The last three Tax Rate figures came in at 24.81% (Q1 2026), 32.38% (Q4 2025), and 27.4% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Cintas 70.95 Bn 70.77 Bn 1.45 Bn 20.55%
2 Copart 29.43 Bn 26.09 Bn 1.08 Bn 20.06%
3 Rb Global 20.04 Bn 19.85 Bn 869.50 Mn 21.71%
4 UL Solutions 19.54 Bn 19.30 Bn 381.00 Mn 24.81%
5 Global Payments 18.52 Bn 13.33 Bn 1.70 Bn 5.27%
6 Aramark 14.28 Bn 13.87 Bn 426.35 Mn 25.72%
7 Relx 11.84 Bn 11.60 Bn - -
8 Amentum Holdings 5.58 Bn 5.67 Bn 345.00 Mn 30.77%
9 Dolby Laboratories 5.00 Bn 4.42 Bn 350.90 Mn 20.22%
10 Unifirst 4.79 Bn 4.63 Bn 218.82 Mn 25.08%

Historic Data

Download Data
DateValue
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%