The financials
UL Solutions Inc. by the numbers
UL Solutions Inc. (ULS) reported revenue of $758M in Q1 2026 (quarter ended March 31, 2026), up 7.5% from the same quarter a year earlier. That came with a gross margin of 50% and net income of $92M (12% of revenue). For the full year FY2025, revenue was $3.05B (+6.4% year on year) and net income $325M. Its largest product in 2026-Q1 was Ongoing Certification Services at $265M, 35% of the disclosed total, just ahead of Certification Testing at 28%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $758M | $705M | +7.5% |
| Gross profit | $381M | $340M | +12% |
| Operating income | $138M | $109M | +27% |
| Net income | $92M | $67M | +37% |
| Diluted EPS | $0.45 | $0.33 | +36% |
| Product | Revenue | Share |
|---|---|---|
| Ongoing Certification Services | $265M | 35% |
| Certification Testing | $211M | 28% |
| Non Certification Testing And Other Services | $209M | 28% |
| Software | $73M | 9.6% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $758.0M (-3.2%)
Certification Testing grew +12% year on yearNon Certification Testing And Other Services +3.0% year on year
Segment Latestquarter on quarteryear on year
- Ongoing Certification Services$265.0M$265.0MQoQ +5.2%year on year +8.2%+5.2%+8.2%
- Certification Testing$211.0M$211.0MQoQ -5.8%year on year +12%-5.8%+12%
- Non Certification Testing And Other Services$209.0M$209.0MQoQ -11%year on year +3.0%-11%+3.0%
- Software$73.0M$73.0MQoQ +1.4%year on year +7.4%+1.4%+7.4%
Specialty Business Services
Ranks #7 of 18 by Smart Score