UL Solutions (ULS) Tax Rate (2023 - 2026)
UL Solutions' (ULS) quarterly Tax Rate came in at 24.85% in Q2 2026, up 245.0% year-over-year from 7.2% in Q2 2025, and little changed quarter-over-quarter from 24.81% in Q1 2026.
Analysis
UL Solutions (ULS) Tax Rate (2023 - 2026) Analysis & Trends
UL Solutions has disclosed Tax Rate across 4 years of filings, most recently posting 24.85% for Q2 2026.
- In Q2 2026, Tax Rate rose 245.0% year-over-year to 24.85%; the TTM figure through Jun 2026 stood at 26.46% (up 773.0% YoY), while the FY2025 annual figure was 26.6%, up 973.0% from the prior year.
- Tax Rate came in at 24.85% for Q2 2026 at UL Solutions, roughly flat from 24.81% 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.
- Average Tax Rate over 4 years is 21.72%, with a median of 21.96% recorded in 2023.
- Year-over-year, Tax Rate slumped 1391 bps in 2024 and jumped 2477 bps in 2025.
- Over 4 years, Tax Rate stood at 21.52% in 2023, then slumped by 65 bps to 7.61% in 2024, then soared by 326 bps to 32.38% in 2025, then fell by 23 bps to 24.85% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 24.85% in Q2 2026, 24.81% in Q1 2026, and 32.38% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 109.01 Bn | 98.84 Bn | 6.13 Bn | 24.19% |
| 2 | UL Solutions | 14.52 Bn | 14.09 Bn | 417.00 Mn | 24.85% |
| 3 | Gartner | 11.36 Bn | 9.87 Bn | 1.19 Bn | 22.31% |
| 4 | Tetra Tech | 9.24 Bn | 9.01 Bn | 243.21 Mn | 27.17% |
| 5 | Booz Allen Hamilton Holding | 9.06 Bn | 8.52 Bn | 1.46 Bn | 21.12% |
| 6 | Genpact | 5.84 Bn | 5.33 Bn | 490.34 Mn | 23.65% |
| 7 | Fti Consulting | 4.34 Bn | 4.18 Bn | 316.27 Mn | 20.80% |
| 8 | Korn Ferry | 4.01 Bn | 2.88 Bn | 685.99 Mn | 28.22% |
| 9 | Grand Canyon Education | 4.00 Bn | 3.72 Bn | 204.08 Mn | 24.65% |
| 10 | Exponent | 3.31 Bn | 3.25 Bn | 158.75 Mn | 27.89% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |