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Tyler Technologies

TYL

Tyler Technologies is a leading provider of integrated software and technology management solutions exclusively focused on the public sector.

Market cap
$12.93B-49.2%
Revenue$2.4B+8.7%
Net income$315.7M+8.9%
Free cash flow$687.7M+15.9%
EPS (diluted)$7.24+9.0%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 29, 2026 (In 2 weeks)
Revenue estimate$648.0M
EPS estimate$3.09

Financials

Q1 2026

Income statement

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Revenue$613.5M+8.6%
Gross profit$296.4M+11.0%
Operating income$99.8M+11.9%
Net income$81.2M+0.2%
EPS (diluted)$1.88+2.2%

Balance sheet

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Cash & equivalents$316.0M-55.2%
Total debt$48.0M-96.1%
Total equity$3.6B+1.3%
Total assets$4.8B-7.6%

Cash flow

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Operating cash flow$107.3M+91.0%
CapEx$3.2M+38.6%
Free cash flow$104.0M+93.3%

Valuation & ratios

Valuation

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Market cap$12.93B-49.2%
Enterprise value$12.66B-51.1%
P/E41×-42.0×
P/S5.4×-5.9×

Profitability

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Gross margin46.8%+2.1pp
Operating margin15.5%+0.8pp
Net margin13.3%0.0pp
FCF margin28.9%+1.8pp

Returns & leverage

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Return on equity8.9%+0.1pp
Debt / equity-0.3×
Current ratio+0.1×

Segments

By product

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Subscription and Circulation$429.7M+14.6%
Maintenance$108.9M-3.5%
Professional services$60.8M-5.1%
Other$14.1M

By segment

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Enterprise Software$464.8M+15.4%
Platform Technologies$148.1M-8.4%

Competitors

Profile

Tyler Technologies is a leading provider of integrated software and technology management solutions exclusively focused on the public sector. The company empowers local, state, and federal government entities to streamline essential functions including public safety, justice, taxation, and education through mission-critical back-office systems and transformative platform technologies. Its core value proposition centers on driving digital government transformation through a cloud-first strategy and a comprehensive suite of integrated applications.

Competitive position

Tyler is the largest software company in the United States exclusively focused on the public sector, characterized by a significant base of recurring revenue and a cloud-first product strategy.

GeographiesUnited States, Canada, United Kingdom, Australia, Caribbean
Customer segmentsFederal Government, State Government, Local Government, K-12 Education
Business modelSubscription SaaS, Transaction-based fees, Professional Services, Maintenance and Support
SuppliersCloud infrastructure providers, Hardware manufacturers, Third-party software developers
CustomersMunicipalities, County governments, State agencies, Federal agencies, School districts
Listed1969
Employees7.3K
CEOH. Lynn Moore Jr.
FilingsSEC EDGAR

Questions, answered.

What is Tyler Technologies's market cap?
Tyler Technologies (TYL) has a market capitalization of $12.9B and trades on NYSE.
What is Tyler Technologies's revenue and profitability?
Tyler Technologies generated $2.4B in trailing twelve-month revenue with net income of $315.7M, representing a net margin of 13.3%. Gross margin stands at 46.8%, with free cash flow of $687.7M. These figures are based on the Q1 2026 filing.
Who are Tyler Technologies's competitors?
Tyler Technologies's key competitors include Motorola Solutions, Inc., Axon Enterprise, Inc., Oracle Corporation, and others. These companies compete in similar markets and product categories.
Who does Tyler Technologies partner with?
Tyler Technologies's notable partners include Amazon Web Services.
What subsidiaries does Tyler Technologies have?
Tyler Technologies's subsidiaries include NIC Inc..
Where is Tyler Technologies headquartered?
Tyler Technologies is headquartered in United States of America and employs approximately 7,305 people. It has been publicly traded since 1969.