Income Statement - UL Solutions Inc. (ULS)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | |
|---|---|---|---|---|---|---|---|
| Total revenue | 3,053.00 | 2,870.00 | 2,678.00 | 2,520.00 | 2,517.00 | 2,301.00 | 2,315.00 |
| Cost of revenue | 1,555.18 | 1,490.00 | 1,413.00 | 1,313.00 | 1,338.00 | 1,270.00 | 1,280.00 |
| Gross profit | 1,497.82 | 1,380.00 | 1,265.00 | 1,207.00 | 1,179.00 | 1,031.00 | 1,035.00 |
| Total operating expenses | 975.47 | 918.00 | 860.00 | 795.00 | 892.00 | 668.00 | 715.00 |
| Operating income | 522.35 | 462.00 | 405.00 | 412.00 | 287.00 | 363.00 | 312.00 |
| Non-operating income (net) | -60.65 | -47.00 | -59.00 | -29.00 | -13.00 | -30.00 | 7.00 |
| Income before tax | 461.70 | 415.00 | 346.00 | 383.00 | 274.00 | 333.00 | 319.00 |
| Income tax expense | 116.70 | 70.00 | 70.00 | 74.00 | 36.00 | 90.00 | 62.00 |
| Net income | 325.00 | 326.00 | 260.00 | 293.00 | 224.00 | 231.00 | 246.00 |
Show Quarterly Income Statement
Income Statement - UL Solutions Inc. (ULS)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 758.00 | 789.00 | 783.00 | 776.00 | 705.00 | 739.00 | 731.00 | 730.00 | 670.00 | 684.00 | 676.00 | 689.00 | 629.00 | 629.00 | 623.00 | 645.00 | 623.00 |
| Cost of revenue | 377.00 | 403.18 | 389.00 | 396.00 | 367.00 | 389.00 | 373.00 | 364.00 | 351.00 | 367.00 | 344.00 | 352.00 | 335.00 | 317.00 | 329.00 | 343.00 | 324.00 |
| Gross profit | 381.00 | 385.82 | 394.00 | 380.00 | 338.00 | 350.00 | 358.00 | 366.00 | 319.00 | 317.00 | 332.00 | 337.00 | 294.00 | 312.00 | 294.00 | 302.00 | 299.00 |
| Total operating expenses | 243.00 | 267.47 | 238.00 | 241.00 | 229.00 | 235.00 | 228.00 | 240.00 | 228.00 | 230.00 | 205.00 | 220.00 | 219.00 | 220.00 | 179.00 | 200.00 | 196.00 |
| Operating income | 138.00 | 118.35 | 156.00 | 139.00 | 109.00 | 115.00 | 130.00 | 126.00 | 91.00 | 87.00 | 127.00 | 117.00 | 75.00 | 92.00 | 115.00 | 102.00 | 103.00 |
| Non-operating income (net) | -9.00 | -21.65 | -10.00 | -14.00 | -15.00 | -23.00 | -14.00 | 8.00 | -18.00 | -8.00 | -52.00 | 3.00 | -3.00 | 3.00 | -26.00 | -14.00 | 8.00 |
| Income before tax | 129.00 | 96.70 | 146.00 | 125.00 | 94.00 | 92.00 | 116.00 | 134.00 | 73.00 | 79.00 | 75.00 | 120.00 | 72.00 | 95.00 | 89.00 | 88.00 | 111.00 |
| Income tax expense | 32.00 | 25.70 | 40.00 | 28.00 | 23.00 | 7.00 | 22.00 | 28.00 | 13.00 | 17.00 | 18.00 | 21.00 | 14.00 | 13.00 | 16.00 | 23.00 | 22.00 |
| Net income | 92.00 | 66.00 | 100.00 | 91.00 | 67.00 | 81.00 | 88.00 | 101.00 | 56.00 | 58.00 | 53.00 | 94.00 | 55.00 | 78.00 | 70.00 | 60.00 | 85.00 |