Tyler Technologies
Connects government operations through software, payments, data, and digital services.
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Profile
Sells mission-critical software, payments, and digital services to local, state, and federal agencies. Enterprise Software and Platform Technologies earn mainly subscription and transaction fees from government systems of record and shared platforms for payments, data, and resident workflows.
Builds mission-critical software for local, state, and federal agencies, with operations concentrated in the United States and selected international markets. Enterprise Software spans Public Administration, Courts & Public Safety, K-12 Education, Health & Human Services, and Property & Recording products. Platform Technologies adds Payments, Digital Solutions, Data & Insights, low-code application development, Outdoor Recreation, and Cybersecurity.
Revenue comes mainly from SaaS subscriptions and transaction fees, supplemented by maintenance, implementation, training, and data conversion. Deep public-sector domain knowledge, integrated systems across agency functions, and long client relationships support cross-selling and recurring revenue while on-premises clients migrate to cloud delivery.
Operations depend on public-sector budgets and procurement, secure handling of sensitive data, transaction volumes and payment partners, and third-party cloud infrastructure including AWS.
Company facts
Categories
Key statistics
Year to date −13.3% · Average volume (30d) 829.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 31, 2026 | UBS | Target | $395 | ||
| Jul 22, 2026 | Guggenheim | Initiate | Buy | $440 | |
| Jun 10, 2026 | Stifel Nicolaus | Target | $550 | $400 | |
| Jun 10, 2026 | Cantor Fitzgerald | Target | $360 | $340 | |
| Jun 10, 2026 | Barclays | Reiterate | Overweight | $420 | $425 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $3.05 | $3.08 | +1.0% | $647.9M | $559.5M | −13.7% | −3.06% |
| Apr 29, 2026Q1 FY26 | $3.01 | $3.09 | +2.7% | $608.7M | $613.5M | +0.8% | −4.18% |
| Feb 11, 2026Q4 FY25 | $2.71 | $2.64 | −2.6% | $591.0M | $575.2M | −2.7% | −15.39% |
| Oct 29, 2025Q3 FY25 | $2.86 | $2.97 | +3.8% | $594.3M | $595.9M | +0.3% | +0.02% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $565.2M | $596.1M | $595.9M | $575.2M | $613.5M | $645.1M | |
| Gross profit | $252.9M | $259.4M | $281.5M | $247.7M | $296.4M | $307.1M | |
| Operating income | $89.2M | $95.6M | $97.9M | $75.0M | $99.8M | $95.1M | |
| Net income | $81.1M | $84.6M | $84.4M | $65.5M | $81.2M | $93.5M | |
| Diluted EPS | $1.84 | $1.93 | $1.93 | $1.50 | $1.88 | $2.23 | |
| Gross margin | 44.8% | 43.5% | 47.2% | 43.1% | 48.3% | 47.6% | |
| Operating margin | 15.8% | 16.0% | 16.4% | 13.0% | 16.3% | 14.7% |
Fiscal years (4-quarter sums)FY21 $1.59B · FY22 $1.85B · FY23 $1.95B · FY24 $2.14B · FY25 $2.33B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $970.0M · Total debt $1.46B · Total assets $5.81B · Shareholders' equity $3.04B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 40.95M · Float 38.29M · 93.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.86M | 9.43% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 2.76M | 6.73% | 13F | Aug 13, 2026 |
| Norges Bank | 2.67M | 6.53% | 13F | Aug 12, 2026 |
| Vanguard Portfolio Management LLC | 2.12M | 5.17% | 13F | Aug 13, 2026 |
| State Street Corp | 2.04M | 4.98% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Jeffrey David Puckett | officer: Chief Operating Officer | −8,500 | $356.44 |
| Mar 12, 2026 | Glenn A. Carter | director | −1,624 | $349.14 |
| Mar 5, 2026 | Jeffrey David Puckett | officer: Chief Operating Officer | −5,174 | $369.93 |
| Mar 2, 2026 | Daniel M. Pope | director | −500 | $355.40 |
| Feb 23, 2026 | Andrew D. Teed | director | +1,600 | $309.91 |
Peers
- Motorola Solutions
Public-safety CAD, records, and command-center rival.
- Oracle
Public-sector ERP, permitting, cloud, and data platform overlap.
- Workday
Cloud finance, HCM, planning, and grants rival.
- Salesforce
Digital government, case, permitting, and low-code platform rival.
- SAP (ADR)
Public-sector ERP and government cloud alternative.
- Daily Journal
Court and justice case-management specialist.
- Axon Enterprise
Public-safety records, evidence, and real-time software overlap.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Tyler Technologies | $379.74 | +0.48% | $15.48B | 50.1 | 26.4 | 6.4 | −6.1% |
| Motorola Solutions | $461.92 | −4.94% | $80.67B | 38.3 | 26.8 | 6.6 | +13.3% |
| Oracle | $150.95 | +0.17% | $434.14B | 25.9 | 18.7 | 6.4 | +20.6% |
| Workday | $204.25 | −0.23% | $53.62B | 41.8 | 17.7 | 5.3 | +13.2% |
| Salesforce | $256.48 | +0.16% | $209.66B | 23.4 | 17.6 | 4.8 | +10.8% |
| SAP (ADR) | $220.80 | −0.39% | $258.15B | 28.1 | 23.9 | 5.8 | +5.8% |
| Daily Journal | $620.50 | −0.68% | $859.3M | — | — | 8.8 | +15.3% |
| Axon Enterprise | $601.00 | −0.05% | $48.42B | 249.0 | 67.0 | 15.0 | +35.3% |
| Median | 33.2 | 21.3 | 6.4 | +13.3% |