Income StatementBalance SheetCash FlowSegments
UL Solutions logo

UL Solutions Income Statement

Revenue, expenses, and profitability over time

UL Solutions generated $3.1B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $350.0M with a 11.27% net margin. Gross margin stands at 49.9% and operating margin at 17.74%. Diluted EPS is $1.72, which grew 0.0% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$3.1BGross Profit (TTM)$1.6BOperating Income (TTM)$551.0MNet Income (TTM)$350.0MEps Diluted (TTM)$1.72
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$20.0B
P/E Ratio57.02
ROE30.58%

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.40$0.34$0.45$0.50$0.34$0.46
Diluted earnings per share$0.40$0.33$0.45$0.49$0.33$0.45
Weighted-average shares, basic—200M201M201M—201M
Weighted-average shares, diluted—203M203M203M—204M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$349.0M$340.0M$383.0M$394.0M$392.0M$381.0M
Operating income$115.0M$109.0M$139.0M$156.0M$118.0M$138.0M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$92.0M$94.0M$125.0M$146.0M$105.0M$129.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$7.0M$23.0M$28.0M$40.0M$34.0M$32.0M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest expense$13.0M$12.0M$10.0M$10.0M$9.0M$8.0M
Other income (expense), net—-$3.0M-$4.0M$0.0-$4.0M-$1.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$81.0M$67.0M$91.0M$100.0M$67.0M$92.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenue From Contract With Customer Excluding Assessed Tax$739.0M$705.0M$776.0M$783.0M$789.0M$758.0M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Restructuring charges-$250.0K-$1.0M———$0.0
Selling, general and administrative$235.0M$232.0M$244.0M$238.0M$239.0M$243.0M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$390.0M$365.0M$393.0M$389.0M$397.0M$377.0M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$739.0M$705.0M$776.0M$783.0M$789.0M$758.0M