What is UL Solutions's total revenue?

UL Solutions (ULS) reported total revenue of $758M in Q1 2026.

How has UL Solutions's total revenue changed year-over-year?

UL Solutions's total revenue increased by 7.5% year-over-year, from $705M to $758M.

What is the long-term trend for UL Solutions's total revenue?

Over 3 years (2022 to 2025), UL Solutions's total revenue has grown at a 6.6% compound annual growth rate (CAGR), from $2.52B to $3.05B.

What does total revenue mean?

The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

UL Solutions ULS Total Revenue

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$1.25B+7.3%

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ESO

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Segments

By product

See full

Ongoing Certification Services$265M+8.2%

Certification Testing$211M+11.6%

Non-certification Testing and Other Services$209M+3.0%

Software$73M+7.4%

By segment

See full

Industrial$375M+10.3%

Consumer$318M+4.6%

Risk & Compliance Software$65M—

By geography

See full

Asia Pacific$132M+21.1%

Europe, Middle East and Africa$111M+1.8%

Other Americas$25M-3.8%

Other financials

Income statement

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Gross profit$381.0M+12.1%

Operating income$138.0M+26.6%

Net income$92.0M+37.3%

EPS (diluted)$0.45+36.4%

Balance sheet

See full

Cash & equivalents$258.0M-3.4%

Total debt$539.0M-36.1%

Total equity$1.3B+36.0%

Total assets$3.0B+2.7%

Cash flow

See full

Operating cash flow$219.0M+42.2%

CapEx$69.0M+35.3%

Free cash flow$150.0M+45.6%

Valuation

See full

Market cap$20.53B+35.1%

Enterprise value$20.81B+32.2%

P/E58.7×+12.2×

P/S6.6×+1.5×

Profitability

See full

Gross margin49.9%+1.3pp

Operating margin17.7%+1.2pp

Net margin11.3%-0.3pp

FCF margin14.5%+4.0pp

Returns & leverage

See full

Return on equity30.6%-10.5pp

Debt / equity0.4×-0.5×

Current ratio1.2×-0.1×

Where this comes from

Reported directly by UL Solutions in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: UL Solutions’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is UL Solutions's total revenue?: UL Solutions (ULS) reported total revenue of $758M in Q1 2026.
How has UL Solutions's total revenue changed year-over-year?: UL Solutions's total revenue increased by 7.5% year-over-year, from $705M to $758M.
What is the long-term trend for UL Solutions's total revenue?: Over 3 years (2022 to 2025), UL Solutions's total revenue has grown at a 6.6% compound annual growth rate (CAGR), from $2.52B to $3.05B.
What does total revenue mean?: The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.