Tyler Technologies Financials
Tyler Technologies (TYL) reported $2.4B in revenue over the twelve months to Jun 30, 2026, up 8.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
TYL’s model converts steady revenue growth into disproportionately more cash because capex stays tiny while leverage keeps falling.
From FY2023 to FY2025, revenue rose by$381M , but free cash flow rose by$278M while long-term debt stayed near$600M . That combination points to strong incremental cash conversion: growth is being harvested, not funded, because operating cash flow now runs at more than double net income and capex is only$16M .
The margin story is not just higher sales: gross margin improved to
The balance sheet looks cash-rich but not especially loose: cash reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Tyler Technologies's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Tyler Technologies has an operating margin of 15.3%, meaning the company retains $15 of operating profit per $100 of revenue. This strong profitability earns a score of 81/100, reflecting efficient cost management and pricing power. This is up from 14.0% the prior year.
Tyler Technologies's revenue grew 9.1% year-over-year to $2.3B, a solid pace of expansion. This earns a growth score of 64/100.
Tyler Technologies carries a low D/E ratio of 0.16, meaning only $0.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.
Tyler Technologies's current ratio of 1.05 is below the typical benchmark, resulting in a score of 21/100. However, the company holds substantial cash reserves (58% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Tyler Technologies converts 27.3% of revenue into free cash flow ($637.5M). This strong cash generation earns a score of 92/100.
Tyler Technologies earns a strong 8.5% return on equity (ROE), meaning it generates $9 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 66/100. This is up from 7.8% the prior year.
Tyler Technologies scores 5.98, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($15.5B) relative to total liabilities ($1.9B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Tyler Technologies passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Tyler Technologies generates $2.07 in operating cash flow ($653.5M OCF vs $315.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Tyler Technologies earns $71.61 in operating income for every $1 of interest expense ($357.7M vs $5.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Tyler Technologies generated $2.3B in revenue in fiscal year 2025. This represents an increase of 9.1% from the prior year.
Tyler Technologies's EBITDA was $496.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.0% from the prior year.
Tyler Technologies reported $315.6M in net income in fiscal year 2025. This represents an increase of 20.0% from the prior year.
Tyler Technologies earned $7.20 per diluted share (EPS) in fiscal year 2025. This represents an increase of 19.0% from the prior year.
Cash & Balance Sheet
Tyler Technologies generated $637.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 5.5% from the prior year.
Tyler Technologies held $1.0B in cash against $599.7M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Tyler Technologies's gross margin was 46.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.7 percentage points from the prior year.
Tyler Technologies's operating margin was 15.3% in fiscal year 2025, reflecting core business profitability. This is up 1.3 percentage points from the prior year.
Tyler Technologies's net profit margin was 13.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.2 percentage points from the prior year.
Tyler Technologies's ROE was 8.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.8 percentage points from the prior year.
Capital Allocation
Tyler Technologies spent $174.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Tyler Technologies invested $16.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 22.0% from the prior year.
Not reported for fiscal year 2025.
TYL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $645.1M+5.1% | $613.5M+6.7% | $575.2M-3.5% | $595.9M0.0% | $596.1M+5.5% | $565.2M+4.4% | $541.1M-0.4% | $543.3M |
| Cost of Revenue | $338.0M+6.6% | $317.1M+1.2% | $313.2M-0.4% | $314.4M-2.6% | $322.9M+8.3% | $298.1M-2.0% | $304.3M-0.5% | $305.9M |
| Gross Profit | $307.1M+3.6% | $296.4M+13.2% | $262.0M-6.9% | $281.5M+3.0% | $273.2M+2.3% | $267.1M+12.8% | $236.8M-0.3% | $237.5M |
| SG&A Expenses | $93.7M+11.6% | $84.0M+4.4% | $80.4M+0.6% | $80.0M+4.4% | $76.6M-3.6% | $79.5M-1.1% | $80.3M+10.9% | $72.5M |
| Operating Income | $95.1M-4.7% | $99.8M+33.1% | $75.0M-23.4% | $97.9M+2.4% | $95.6M+7.2% | $89.2M+24.4% | $71.7M-13.5% | $82.8M |
| Interest Expense | $3.0M+179.0% | $1.1M-14.9% | $1.3M+1.4% | $1.2M-2.1% | $1.3M+1.3% | $1.2M-1.0% | $1.3M+1.9% | $1.2M |
| Income Tax | $27.1M+7.4% | $25.2M+29.9% | $19.4M-16.1% | $23.2M+29.5% | $17.9M+25.6% | $14.2M+23.3% | $11.5M+13.2% | $10.2M |
| Net Income | $93.5M+15.2% | $81.2M+23.9% | $65.5M-22.4% | $84.4M-0.3% | $84.6M+4.4% | $81.1M+24.3% | $65.2M-14.1% | $75.9M |
| EPS (Diluted) | $2.23+18.6% | $1.88+25.3% | $1.50-22.3% | $1.930.0% | $1.93+4.9% | $1.84+23.5% | $1.49-14.4% | $1.74 |
Not reported in any period shown, so not listed: R&D Expenses.
TYL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.8B+21.2% | $4.8B-14.9% | $5.6B+3.3% | $5.5B+0.6% | $5.4B+4.5% | $5.2B+0.2% | $5.2B+3.7% | $5.0B |
| Current Assets | $1.8B+74.5% | $1.0B-43.5% | $1.8B+6.1% | $1.7B+0.8% | $1.7B+17.5% | $1.5B+1.8% | $1.4B+16.3% | $1.2B |
| Cash & Equivalents | $895.4M+183.3% | $316.0M-68.9% | $1.0B+21.7% | $834.1M+5.9% | $787.4M+11.6% | $705.7M-5.2% | $744.7M+38.3% | $538.3M |
| Accounts Receivable | $724.9M+26.5% | $573.0M-10.3% | $638.8M-3.5% | $662.0M-7.3% | $714.4M+27.6% | $559.9M-4.7% | $587.6M-5.1% | $619.5M |
| Goodwill | $2.8B+6.3% | $2.6B+0.1% | $2.6B+1.4% | $2.6B+0.5% | $2.5B0.0% | $2.5B+0.4% | $2.5B0.0% | $2.5B |
| Total Liabilities | $2.8B+123.8% | $1.2B-35.9% | $1.9B+4.4% | $1.9B+3.5% | $1.8B+6.6% | $1.7B-6.3% | $1.8B+4.1% | $1.7B |
| Current Liabilities | $1.2B+12.5% | $1.0B-40.8% | $1.8B+3.8% | $1.7B+1.1% | $1.7B+7.1% | $1.6B+46.5% | $1.1B+4.3% | $1.0B |
| Long-Term Debt | N/A | N/A | $599.7M+0.1% | $599.2M+0.1% | $598.8M+0.1% | $598.4M+0.1% | $597.9M+0.1% | $597.5M |
| Total Equity | $3.0B-14.6% | $3.6B-3.9% | $3.7B+2.8% | $3.6B-0.9% | $3.6B+3.5% | $3.5B+3.7% | $3.4B+3.5% | $3.3B |
| Retained Earnings | $2.4B+4.1% | $2.3B+3.7% | $2.2B+3.1% | $2.1B+4.2% | $2.0B+4.3% | $1.9B+4.3% | $1.9B+3.6% | $1.8B |
Not reported in any period shown, so not listed: Inventory.
TYL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $124.4M+16.0% | $107.3M-56.0% | $243.9M-4.4% | $255.2M+159.6% | $98.3M+75.1% | $56.2M-75.0% | $224.8M-14.8% | $263.7M |
| Capital Expenditures | $5.1M+56.0% | $3.2M-25.0% | $4.3M+11.4% | $3.9M-29.4% | $5.5M+135.0% | $2.3M-38.6% | $3.8M+31.8% | $2.9M |
| Free Cash Flow | $119.4M+14.7% | $104.0M-56.6% | $239.6M-4.7% | $251.3M+170.7% | $92.8M+72.5% | $53.8M-75.6% | $221.0M-15.3% | $260.8M |
| Investing Cash Flow | -$258.4M-561.6% | $56.0M+195.9% | -$58.4M-5.8% | -$55.2M-332.5% | -$12.8M+86.7% | -$96.2M-192.0% | -$32.9M-250.4% | -$9.4M |
| Financing Cash Flow | $713.3M+182.7% | -$862.6M-20453.4% | -$4.2M+97.3% | -$153.4M-3899.9% | -$3.8M-476.3% | $1.0M-93.0% | $14.6M-56.1% | $33.3M |
| Share Buybacks | $504.9M+101.9% | $250.1M | $0-100.0% | $173.0M+10681.6% | $1.6M | $0 | $0 | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
TYL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.6%-0.7pp | 48.3%+2.8pp | 45.6%-1.7pp | 47.2%+1.4pp | 45.8%-1.4pp | 47.3%+3.5pp | 43.8%+0.1pp | 43.7% |
| Operating Margin | 14.7%-1.5pp | 16.3%+3.2pp | 13.0%-3.4pp | 16.4%+0.4pp | 16.0%+0.3pp | 15.8%+2.5pp | 13.3%-2.0pp | 15.2% |
| Net Margin | 14.5%+1.3pp | 13.2%+1.8pp | 11.4%-2.8pp | 14.2%0.0pp | 14.2%-0.1pp | 14.3%+2.3pp | 12.0%-1.9pp | 14.0% |
| Return on Equity | 3.1%+0.8pp | 2.3%+0.5pp | 1.8%-0.6pp | 2.3%0.0pp | 2.3%0.0pp | 2.3%+0.4pp | 1.9%-0.4pp | 2.3% |
| Return on Assets | 1.6%-0.1pp | 1.7%+0.5pp | 1.2%-0.4pp | 1.6%0.0pp | 1.6%0.0pp | 1.6%+0.3pp | 1.3%-0.3pp | 1.5% |
| Current Ratio | 1.55+0.6x | 1.000.0x | 1.050.0x | 1.030.0x | 1.03+0.1x | 0.94-0.4x | 1.35+0.1x | 1.21 |
| Debt-to-Equity | 0.91+0.6x | 0.35+0.2x | 0.160.0x | 0.170.0x | 0.160.0x | 0.170.0x | 0.180.0x | 0.18 |
| FCF Margin | 18.5%+1.5pp | 17.0%-24.7pp | 41.6%-0.5pp | 42.2%+26.6pp | 15.6%+6.0pp | 9.5%-31.3pp | 40.8%-7.2pp | 48.0% |
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Where Tyler Technologies Ranks
Frequently Asked Questions
What is Tyler Technologies's annual revenue?
Tyler Technologies (TYL) reported $2.3B in total revenue for fiscal year 2025. This represents a 9.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Tyler Technologies's revenue growing?
Tyler Technologies (TYL) revenue grew by 9.1% year-over-year, from $2.1B to $2.3B in fiscal year 2025.
Is Tyler Technologies profitable?
Yes, Tyler Technologies (TYL) reported a net income of $315.6M in fiscal year 2025, with a net profit margin of 13.5%.
What is Tyler Technologies's EBITDA?
Tyler Technologies (TYL) had EBITDA of $496.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Tyler Technologies have?
As of fiscal year 2025, Tyler Technologies (TYL) had $1.0B in cash and equivalents against $599.7M in long-term debt.
What is Tyler Technologies's gross margin?
Tyler Technologies (TYL) had a gross margin of 46.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Tyler Technologies's operating margin?
Tyler Technologies (TYL) had an operating margin of 15.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Tyler Technologies's net profit margin?
Tyler Technologies (TYL) had a net profit margin of 13.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Tyler Technologies's return on equity (ROE)?
Tyler Technologies (TYL) has a return on equity of 8.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Tyler Technologies's free cash flow?
Tyler Technologies (TYL) generated $637.5M in free cash flow during fiscal year 2025. This represents a 5.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tyler Technologies's operating cash flow?
Tyler Technologies (TYL) generated $653.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Tyler Technologies's total assets?
Tyler Technologies (TYL) had $5.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Tyler Technologies's capital expenditures?
Tyler Technologies (TYL) invested $16.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Tyler Technologies's current ratio?
Tyler Technologies (TYL) had a current ratio of 1.05 as of fiscal year 2025, which is considered adequate.
What is Tyler Technologies's debt-to-equity ratio?
Tyler Technologies (TYL) had a debt-to-equity ratio of 0.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tyler Technologies's return on assets (ROA)?
Tyler Technologies (TYL) had a return on assets of 5.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Tyler Technologies's Altman Z-Score?
Tyler Technologies (TYL) has an Altman Z-Score of 5.98, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Tyler Technologies's Piotroski F-Score?
Tyler Technologies (TYL) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tyler Technologies's earnings high quality?
Tyler Technologies (TYL) has an earnings quality ratio of 2.07x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Tyler Technologies cover its interest payments?
Tyler Technologies (TYL) has an interest coverage ratio of 71.61x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Tyler Technologies?
Tyler Technologies (TYL) scores 70 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.