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| Date | Value |
|---|---|
| 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% |