UL Solutions ULS Revenue Breakdown

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As of: Oct 19, 2026 · 3:59 PM EDT
Annual revenue breakdowns for UL Solutions, fiscal 2022 to 2025, as reported in its filings.
Annual history

UL Solutions Revenue by Geography

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

U.S was UL Solutions’s largest region in fiscal 2025, bringing in $1.25B of $3.05B (41%).

UL Solutions 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 revenue by geography: what the figures show

UL Solutions brought in $3.05B from its five regions in fiscal 2025, the year ended December 31, 2025. That was up 6.4% from $2.87B in fiscal 2024. U.S was the largest at $1.25B (41.0%), ahead of Mainland China at $761.00M (24.9%) and Europe, Middle East & Africa at $529.00M (17.3%). The other two regions brought in $510.00M combined.

Compared with fiscal 2024, Mainland China grew fastest, up 7.2% to $761.00M. Every region above 2% of revenue grew.

UL Solutions began breaking out Mainland China in fiscal 2023, when it brought in $632.00M. UL Solutions stopped reporting China as a separate region after fiscal 2022, when it brought in $608.00M.

Annual history

UL Solutions Revenue by Product & Service

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

Ongoing Certification Services was UL Solutions’s largest product and service line in fiscal 2025, bringing in $1.01B of $3.05B (33%).

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

UL Solutions brought in $3.05B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 6.4% from $2.87B in fiscal 2024. Ongoing Certification Services was the largest at $1.01B (33.0%), ahead of Non-Certification Testing & Other Services at $911.00M (29.8%) and Certification Testing at $851.00M (27.9%). The remaining line, Software, brought in $285.00M.

Compared with fiscal 2024, Certification Testing grew fastest, up 8.5% to $851.00M. Every line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these lines grew from $2.52B to $3.05B, a compound annual growth rate of 6.6%. Ongoing Certification Services' share held steady at about 33.0%.

Annual history

UL Solutions Revenue by Segment

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

Industrial was UL Solutions’s largest segment in fiscal 2025, bringing in $1.34B of $3.05B (44%).

UL Solutions 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 revenue by segment: what the figures show

UL Solutions brought in $3.05B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 6.4% from $2.87B in fiscal 2024. Industrial was the largest at $1.34B (43.9%), ahead of Consumer at $1.32B (43.2%) and Software & Advisory at $393.00M (12.9%).

Compared with fiscal 2024, Industrial grew fastest, up 6.9% to $1.34B. Every segment above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these segments grew 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%.

Questions

UL Solutions Revenue Breakdown FAQ

How does UL Solutions make money?

UL Solutions (ULS) reports its revenue by geography, by product and service and by segment. In fiscal 2025, U.S was its largest region, bringing in $1.25B (41.0% of the total), followed by Mainland China at $761.00M (24.9%).

What is UL Solutions' largest region?

U.S was UL Solutions' largest region in fiscal 2025, bringing in $1.25B, or 41.0% of the $3.05B total across its five regions.

What is UL Solutions' largest product and service line?

Ongoing Certification Services was UL Solutions' largest product and service line in fiscal 2025, bringing in $1.01B, or 33.0% of the $3.05B total across its four product and service lines.

What is UL Solutions' largest segment?

Industrial was UL Solutions' largest segment in fiscal 2025, bringing in $1.34B, or 43.9% of the $3.05B total across its three segments.

Which UL Solutions region is growing the fastest?

Among UL Solutions' regions that make up at least 2% of revenue, Mainland China grew fastest in fiscal 2025, up 7.2% from $710.00M to $761.00M.

Where does this revenue breakdown data come from?

Every figure comes from UL Solutions' annual financial filings, as reported. Each line keeps the name UL Solutions gives it, and years follow its fiscal calendar.

How far back does UL Solutions' revenue breakdown go?

UL Solutions' revenue by geography goes back to fiscal 2022, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.