He became bishop of Gubbio in 1630, and cardinal in 1633. He was bishop of Todi from 1638, resigning by 1643. He was Camerlengo for a year from 1648. Consecrated by Luigi Caetani, he became bishop of Albano in 1666, bishop of Frascati in 1671, and bishop of Porto and Santa-Rufina in 1675. He died in Rome. Through his episcopal consecration of Paluzzo Paluzzi Altieri degli Albertoni, he is part of the episcopal lineage of Pope Francis. He is also connected to liniage of Pope Benedict XVI.
- Accademia nazionale di San Luca (2000). Il palazzo di Carpegna a Roma. De Luca. p. 101-9. ISBN 978-88-8016-413-5. Retrieved 12 June 2013.
- "Ulderico Cardinal Carpegna". Catholic-Hierarchy. Retrieved 12 June 2012.
- Moroni, Gaetano (1841). Dizionario Di Erudizione Storico-Ecclesiastica Da S. Pietro Sino Ai Nostri Giorni (etc.) (in Italian). Dalla Tipografia Emiliana. p. 101. Retrieved 12 June 2013.