UL Solutions (ULS) revenue breakdown
By segment, Industrial is the largest at 44% of fiscal 2025 revenue, growing 9% a year over 3 years.
By product, Ongoing Certification Services is the largest at 33% of fiscal 2025 revenue; Certification Testing grew fastest, 9% a year over 3 years.
Revenue by segment
Fiscal years, as UL Solutions reports them in its 10-K filings; fiscal 2025 total $3.1B.
| Segments | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|
| Industrial | $1.0B | $1.1B | $1.3B | $1.3B | 44% |
| Consumer | $1.1B | $1.2B | $1.2B | $1.3B | 43% |
| Software and Advisory | $348M | $360M | $378M | $393M | 13% |
Revenue by product
Fiscal years, as UL Solutions reports them in its 10-K filings; fiscal 2025 total $3.1B.
| Products | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|
| Ongoing Certification Services | $828M | $874M | $953M | $1.0B | 33% |
| Non-certification Testing and Other Services | $769M | $812M | $860M | $911M | 30% |
| Certification Testing | $657M | $718M | $784M | $851M | 28% |
| Software | $266M | $274M | $273M | $285M | 9% |
Revenue by region
Fiscal years, as UL Solutions reports them in its 10-K filings; fiscal 2025 total $3.1B.
| Regions | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|
| U.S. | $1.1B | $1.1B | $1.2B | $1.3B | 41% |
| Mainland China | $608M | $632M | $710M | $761M | 25% |
| Europe, Middle East and Africa | $429M | $474M | $496M | $529M | 17% |
| Asia Pacific | $335M | $346M | $375M | $398M | 13% |
| Other Americas | $97M | $109M | $111M | $112M | 4% |
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Where does UL Solutions make its money?
In fiscal 2025, by segment: Industrial $1.3B, Consumer $1.3B, Software and Advisory $393M.
From UL Solutions's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.