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
DateValue
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