UL Solutions (ULS) Q3 FY2026 earnings: revenue $823 million, up 5.1% on the year
UL Solutions Inc. (ULS) reported revenue of $823 million for Q3 FY2026, the quarter ended 30 September 2026, up 5.1% on the same quarter a year earlier. Net income was $108 million, up 8.0% on the year, and diluted earnings per share $0.53. The figures are the company's own, from the 10-Q it filed with the SEC on 3 November 2026.
Revenue
$823 million
+5.1% on the year · +0.9% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
19.7%
19.9% a year earlier
Q4 FY2024Q3 FY2026
Net income
$108 million
+8.0% on the year · -56.1% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.53
+8.2% on the year · -56.2% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
Revenue up 5.1% to $823 million: Revenue was $823 million against $783 million. Organic growth of 7.0% added $55 million, while divestitures reduced revenue by $14 million and foreign exchange by $1 million.
Industrial and Consumer led organic growth: Industrial revenue was $410 million, up 8.2%, with 8.4% organic growth. Consumer revenue was $360 million, up 5.9%. Management named these two segments as leading organic growth.
Adjusted EBITDA margin up to 28.6%: Adjusted EBITDA margin was 28.6% against 27.7%. Management estimated that acquisition and divestiture transaction costs reduced the margin by about 30 basis points.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
215
160
155
+34.4%
+38.7%
Capital expenditure
61.0
69.0
46.0
-11.6%
+32.6%
Free cash flow
154
91.0
109
+69.2%
+41.3%
Free cash flow margin
18.7%
11.2%
13.9%
Cash from investing
-66.0
131
-76.0
Cash from financing
436
-114
-93.0
Depreciation and amortisation
49.0
46.0
46.0
+6.5%
+6.5%
Share-based compensation
23.0
25.0
15.0
-8.0%
+53.3%
Dividends paid
30.0
29.0
26.0
+3.4%
+15.4%
Dividend per share
$0.14
$0.14
$0.13
0.0%
+11.5%
Diluted shares, weighted
204m
204m
203m
0.0%
+0.5%
Shares outstanding at period end
202m
202m
201m
+0.0%
+0.5%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
1,703
1,595
1,193
+6.8%
+42.7%
Non-controlling interest
35.0
25.0
27.0
+40.0%
+29.6%
Debt
764
301
544
+153.8%
+40.4%
Operating lease liabilities
132
136
150
-2.9%
-12.0%
Other liabilities
1,055
1,062
984
-0.7%
+7.2%
Total liabilities and equity
3,689
3,119
2,898
+18.3%
+27.3%
Goodwill
648
642
655
+0.9%
-1.1%
Intangible assets
39.0
41.0
52.0
-4.9%
-25.0%
Cash and equivalents
1,016
434
255
+134.1%
+298.4%
Receivables
448
471
386
-4.9%
+16.1%
Other assets
1,538
1,531
1,550
+0.5%
-0.8%
Total assets
3,689
3,119
2,898
+18.3%
+27.3%
Questions
What was UL Solutions' revenue in Q3 FY2026?
UL Solutions (ULS) reported revenue of $823 million for Q3 FY2026, the quarter ended 30 September 2026, up 5.1% on the same quarter a year earlier.
How much did UL Solutions earn in Q3 FY2026?
Net income for Q3 FY2026 was $108 million, up 8.0% on the year, and diluted earnings per share $0.53.
When did UL Solutions report Q3 FY2026 results?
UL Solutions filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 3 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 3 November 2026: the filing.