UL Q3 2025 Earnings
Reported Oct 23, 2025 at 10:11 AM ET · SEC Source
Q3 25 EPS
$N/A
Est. $0.00
Q3 25 Revenue
$16.97B
BEAT +14.70%
Est. $14.80B
vs S&P Since Q3 25
-20.1%
TRAILING MARKET
UL -13.7% vs S&P +6.4%
Market Reaction
Did UL Beat Earnings? Q3 2025 Results
Unilever posted a stronger-than-expected Q3 2025, with reported turnover of $16.97 billion clearing the consensus estimate of $14.80 billion by 14.70%, even as a 6.1% currency headwind and a 1.0% net disposals impact dragged reported growth down 3.5%… Read more Unilever posted a stronger-than-expected Q3 2025, with reported turnover of $16.97 billion clearing the consensus estimate of $14.80 billion by 14.70%, even as a 6.1% currency headwind and a 1.0% net disposals impact dragged reported growth down 3.5% year-over-year. The real story was underlying momentum: broad-based underlying sales growth of 3.9% spanned all five Business Groups, with Power Brands, representing 78% of turnover, accelerating to 4.4% USG on a balanced mix of 1.7% volume and 2.6% price. Beauty & Wellbeing led the way at 5.1%, powered by double-digit contributions from Dove hair, Vaseline, Liquid I.V., and Nutrafol, while North America delivered a standout 5.5% USG with 5.4% volume growth. Analysts carrying a consensus "Moderate Buy" rating and an average price target of $73.00 on the stock will find the trajectory supportive. Looking ahead, Unilever reaffirmed its full-year 2025 outlook for USG of 3% to 5%, with second-half growth expected to exceed the first half and underlying operating margins of at least 19.5% excluding Ice Cream, as the planned demerger of that business remains on track for Q4 completion.
Key Takeaways
- • Power Brands drove 4.4% underlying sales growth, contributing 78% of turnover
- • North America delivered 5.5% underlying sales growth with 5.4% volume growth
- • Indonesia returned to growth with 12.7% underlying sales growth after extensive business reset
- • Strong innovation programme across multiple brands driving developed market outperformance
- • Premiumisation strategy across portfolio categories
- • Beauty & Wellbeing accelerated to 5.1% USG led by double-digit growth in multiple brands
UL YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
UL Revenue by Segment
With YoY comparisons, source: SEC Filings
UL Revenue by Geography
With YoY comparisons, source: SEC Filings
“We continued to outperform in developed markets in the third quarter, led by our strong innovation programme, and, following decisive interventions, stepped up our emerging markets performance with a return to growth in Indonesia and China. Growth was broad based across all Business Groups and driven by our Power Brands. Our performance excluding Ice Cream showed good sequential improvement, with a step up in volume growth.”
— Fernando Fernandez, Q3 2025 Earnings Press Release
UL Earnings Trends
UL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
UL EPS Trend
Earnings per share: estimate vs actual
UL Revenue Trend
Quarterly revenue: estimate vs actual
UL Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | — | — | — | — |
| Q4 25 FY | $1.72 | — | — | — | — |
| FY Full Year | $2.94 | $2.59 | -11.85% | $50.50B | -0.13% |
| Q3 25 | $0.00 | — | — | $16.97B | +14.70% |
| Q2 25 | $0.00 | — | — | — | — |