Filing Flows › UL Solutions (ULS) › Q3 2026 › vs Q2 2026
UL Solutions (ULS) Q3 2026 vs Q2 2026 (quarter over quarter)
UL Solutions's revenue rose $7.0M (+0.9%) from $816M in Q2 2026 to $823M in Q3 2026. The biggest changes: Certification Testing +$11.0M (+5%); Non-certification Testing and Other Services −$4.0M (-2%); Ongoing Certification Services +$0 (0%). Operating margin 19.7% against 18.4% (+1.3 pts).
UL Solutions, Q3 2026: revenue $823M (+5% year over year), operating margin 19.7%, net earnings $108M, operating cash flow $215M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 19.7% | 18.4% | +1.3 pts |
| Net margin | 13.1% | 30.1% | -17.0 pts |
| Free cash flow margin | 18.7% | 11.2% | +7.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Ongoing Certification Services | $270M | $270M | $0 | 0% |
| Certification Testing | $248M | $237M | $11.0M | +5% |
| Non-certification Testing and Other Services | $244M | $248M | −$4.0M | -2% |
| Software | $61.0M | $61.0M | $0 | 0% |
| Revenue | $823M | $816M | $7.0M | +0.9% |
| Operating profit | $162M | $150M | $12.0M | +8% |
| Costs & expenses | $661M | $666M | −$5.0M | -0.8% |
| Pre-tax earnings | $160M | $338M | −$178M | -53% |
| Cost of revenue | $400M | $399M | $1.0M | +0.3% |
| SG&A | $260M | $267M | −$7.0M | -3% |
| Net earnings | $108M | $246M | −$138M | -56% |
| Minority interests | $9.0M | $8.0M | $1.0M | +12% |
| Income tax | $43.0M | $84.0M | −$41.0M | -49% |
| Depreciation & amortization | $49.0M | $46.0M | $3.0M | +7% |
| Share-based compensation | $23.0M | $23.0M | $0 | 0% |
| Working capital & other | $35.0M | −$155M | $190M | — |
| Operating cash flow | $215M | $160M | $55.0M | +34% |
| Free cash flow (OCF − capex) | $154M | $91.0M | $63.0M | +69% |
| Capital expenditures | $61.0M | $69.0M | −$8.0M | -12% |
Questions
How much did UL Solutions's revenue grow quarter over quarter in Q3 2026?
UL Solutions's revenue rose $7.0M (+0.9%) from $816M in Q2 2026 to $823M in Q3 2026.
What drove UL Solutions's revenue change in Q3 2026?
Certification Testing +$11.0M (+5%); Non-certification Testing and Other Services −$4.0M (-2%); Ongoing Certification Services +$0 (0%).