Tyler Technologies Inc

TYL

Equity

ISIN null / Valor 804377

New York Stock Exchange, Inc (2026-09-30)

USD 318.60+0.74%

Tyler Technologies Inc
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About company

Tyler Technologies Inc. specializes in providing a broad range of software solutions and services tailored for the public sector, focusing on the intricacies of government operations. The company has established itself as a pioneer in the field by developing the first computer-assisted mass appraisal (CAMA) system, and it has since expanded its offerings to include integrated software solutions for tax billing and collections, CAMA, and assessment administration. Tyler Technologies aims to streamline and enhance the efficiency of various critical government functions, including budget monitoring, payroll generation for municipal employees, revenue collection, and utility billing. Their product suite encompasses Enterprise Resource Planning (ERP) financial solutions designed to support the core business functions of public sector entities of all sizes, from small towns to large cities and counties. Additionally, Tyler Technologies offers Payment Processing and Point-of-Sale Cashiering solutions, providing secure, flexible, and scalable options for managing payments, thereby simplifying the transactional aspects of government operations.

Summarized from source with an LLMView SourceSector: Technology

Revenue and mix

Total revenues were $645.1 million, up 8.2% year‑over‑year; recurring revenues were $559.5 million (86.7% of total), also up 8.2%.

SaaS acceleration

SaaS revenues grew 21.7% to $230.6 million, marking 22 consecutive quarters of at least 20% SaaS growth, and the company reported record SaaS bookings for the quarter.

Subscription & transaction trends

Subscription revenues increased 12.0% to $453.7 million; transaction revenues rose 3.5% to $223.1 million.

ARR

Annualized recurring revenue (ARR) was $2.24 billion, up 8.2% versus the prior year quarter.

Cash flow and bookings

The company stated it delivered a record second quarter for free cash flow and reported record total bookings for the quarter.

Share repurchases & capital allocation

Tyler repurchased 5.6% of its outstanding shares year‑to‑date and expanded its share repurchase authorization by an additional $1.5 billion.

Long‑term targets

Management noted raised 2030 financial targets announced at the June Investor Day, reflecting continued confidence in long‑term execution. Summarized from source with an LLMView Source

Key figures

-39.1%1Y

-17.5%3Y

-30.5%5Y

Performance

41.8%1Y

31.8%3Y

33.2%5Y

Volatility