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UL Solutions (ULS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
UL Solutions (ULS) reported revenue of $823M for the third quarter 2026 (Q3 2026), +5% from a year earlier and +0.9% from the quarter before. Operating margin was 19.7%, net earnings $108M (13.1% of revenue).
UL Solutions, Q3 2026: revenue $823M (+5% year over year), operating margin 19.7%, net earnings $108M, operating cash flow $215M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $823M | +0.9% | +5% |
| Operating profit | $162M | +8% | +4% |
| Net earnings | $108M | -56% | +8% |
| Operating cash flow | $215M | +34% | +39% |
| Free cash flow | $154M | +69% | +41% |
What changed
Revenue was $823.0M in Q3 2026, up 5% year over year and up 1% from the previous quarter. Ongoing Certification Services was the largest line at 33% of revenue. Certification Testing added $24.0M year over year (up 11%), 60% of the total change. Software declined 15%.
Operating profit was $162.0M, a 19.7% margin (down 0.2 points year over year). Of the extra revenue versus Q3 2025, 15% reached operating profit, below the 20% margin then. Total costs grew 5% against revenue growth of 5%. Net earnings were $108.0M, up 8% year over year. The effective tax rate was 26.9%.
Operating cash flow was $215.0M (up 39% year over year), 184% of net income including minority interests. Non-cash charges added back $49.0M of depreciation and amortization and $23.0M of share-based compensation. Working capital and other items added $26.0M. Capital expenditures of $61.0M left free cash flow of $154.0M.
Questions
What was UL Solutions' revenue in the third quarter 2026?
UL Solutions (ULS) reported revenue of $823M for the third quarter 2026 (Q3 2026), +5% from a year earlier and +0.9% from the quarter before.
Was UL Solutions profitable in the third quarter 2026?
Operating profit was $162M (19.7% of revenue) and net earnings $108M.
Source: UL Solutions 10-Q on SEC EDGAR.