UL Solutions ULS Revenue Breakdown

NYSE ULS
$64.50 +0.35 (+0.55%)
As of: Sep 17, 2026 · 3:59 PM EDT
Annual revenue breakdowns for UL Solutions Inc., fiscal 2022 to 2025, as reported in its filings.
Annual history

UL Solutions Inc. Revenue by Geography

Years FY 2022–2025
Lines 5
FY 2025 Total $3.05B

U.S was the largest of UL Solutions Inc.’s 5 reported lines in fiscal 2025, at $1.25B — 41% of $3.05B.

UL Solutions Inc. revenue by geography, fiscal 2022 to 2025
Geography FY 2022 FY 2023 FY 2024 FY 2025
U.S $1.05B $1.12B $1.18B $1.25B
Mainland China $632.00M $710.00M $761.00M
Europe, Middle East & Africa $429.00M $474.00M $496.00M $529.00M
Asia Pacific $335.00M $346.00M $375.00M $398.00M
Other Americas $97.00M $109.00M $111.00M $112.00M
Total $2.52B $2.68B $2.87B $3.05B
Totals include 1 discontinued line from earlier reporting.

UL Solutions Inc. revenue by geography: what the figures show

In fiscal 2025, which ended December 31, 2025, the 5 regions UL Solutions Inc. reported in this breakdown added up to $3.05B. That was up 6.4% from $2.87B in fiscal 2024. U.S was the largest region, at $1.25B or 41.0% of the total, followed by Mainland China ($761.00M, 24.9%) and Europe, Middle East & Africa ($529.00M, 17.3%). Together, the two largest regions made up 66.0% of this total.

Compared with fiscal 2024, Mainland China grew the fastest, rising 7.2% to $761.00M. Every sizeable region reported in both years grew.

Mainland China was first reported as a separate region in fiscal 2023. The table also keeps 1 region that UL Solutions Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 1 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2022 to 2025, as reported in UL Solutions Inc.'s annual filings.

Annual history

UL Solutions Inc. Revenue by Product and Service

Years FY 2022–2025
Lines 4
FY 2025 Total $3.05B

Ongoing Certification Services was the largest of UL Solutions Inc.’s 4 reported lines in fiscal 2025, at $1.01B — 33% of $3.05B.

UL Solutions Inc. revenue by product and service, fiscal 2022 to 2025
Product and Service FY 2022 FY 2023 FY 2024 FY 2025
Ongoing Certification Services $828.00M $874.00M $953.00M $1.01B
Non-Certification Testing & Other Services $769.00M $812.00M $860.00M $911.00M
Certification Testing $657.00M $718.00M $784.00M $851.00M
Software $266.00M $274.00M $273.00M $285.00M
Total $2.52B $2.68B $2.87B $3.05B

UL Solutions Inc. revenue by product and service: what the figures show

In fiscal 2025, which ended December 31, 2025, the 4 revenue lines UL Solutions Inc. reported in this breakdown added up to $3.05B. That was up 6.4% from $2.87B in fiscal 2024. Ongoing Certification Services was the largest revenue line, at $1.01B or 33.0% of the total, followed by Non-Certification Testing & Other Services ($911.00M, 29.8%) and Certification Testing ($851.00M, 27.9%). Together, the two largest revenue lines made up 62.8% of this total.

Compared with fiscal 2024, Certification Testing grew the fastest, rising 8.5% to $851.00M. Every sizeable revenue line reported in both years grew. Over fiscal 2022 to 2025, revenue across these revenue lines went from $2.52B to $3.05B, a compound annual growth rate of 6.6%. Ongoing Certification Services held a steady share of about 33.0%.

This breakdown covers every fiscal year from 2022 to 2025, as reported in UL Solutions Inc.'s annual filings.

Annual history

UL Solutions Inc. Revenue by Segment

Years FY 2022–2025
Lines 3
FY 2025 Total $3.05B

Industrial was the largest of UL Solutions Inc.’s 3 reported lines in fiscal 2025, at $1.34B — 44% of $3.05B.

UL Solutions Inc. revenue by segment, fiscal 2022 to 2025
Segment FY 2022 FY 2023 FY 2024 FY 2025
Consumer $1.13B $1.17B $1.24B $1.32B
Industrial $1.04B $1.15B $1.25B $1.34B
Software & Advisory $348.00M $360.00M $378.00M $393.00M
Total $2.52B $2.68B $2.87B $3.05B

UL Solutions Inc. revenue by segment: what the figures show

In fiscal 2025, which ended December 31, 2025, the 3 segments UL Solutions Inc. reported in this breakdown added up to $3.05B. That was up 6.4% from $2.87B in fiscal 2024. Industrial was the largest segment, at $1.34B or 43.9% of the total, followed by Consumer ($1.32B, 43.2%) and Software & Advisory ($393.00M, 12.9%). Together, the two largest segments made up 87.1% of this total.

Compared with fiscal 2024, Industrial grew the fastest, rising 6.9% to $1.34B. Every sizeable segment reported in both years grew. Over fiscal 2022 to 2025, revenue across these segments went from $2.52B to $3.05B, a compound annual growth rate of 6.6%. Industrial's share of the total rose from 41.4% to 43.9% over the same years.

This breakdown covers every fiscal year from 2022 to 2025, as reported in UL Solutions Inc.'s annual filings.

Questions

UL Solutions Inc. Revenue Breakdown FAQ

How does UL Solutions Inc. make money?

UL Solutions Inc. (ULS) breaks its revenue down by region, revenue line and segment. In fiscal 2025, its largest region was U.S, with $1.25B or 41.0% of the total, followed by Mainland China at $761.00M (24.9%).

What is UL Solutions Inc.'s largest region?

U.S was UL Solutions Inc.'s largest region in fiscal 2025, with $1.25B in revenue, 41.0% of the $3.05B reported across its 5 regions.

What is UL Solutions Inc.'s largest revenue line?

Ongoing Certification Services was UL Solutions Inc.'s largest revenue line in fiscal 2025, with $1.01B in revenue, 33.0% of the $3.05B reported across its 4 revenue lines.

What is UL Solutions Inc.'s largest segment?

Industrial was UL Solutions Inc.'s largest segment in fiscal 2025, with $1.34B in revenue, 43.9% of the $3.05B reported across its 3 segments.

Which UL Solutions Inc. region is growing the fastest?

Of the UL Solutions Inc. regions reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Mainland China grew the fastest, rising 7.2% from $710.00M to $761.00M.

Where does this revenue breakdown data come from?

Every figure is taken from UL Solutions Inc.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.

How far back does UL Solutions Inc.'s revenue breakdown go?

The breakdown by region covers fiscal 2022 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.