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Tyler Technologies

TYL Clue Score76
United States Fiscal year ends December CIK 0000860731
$339.94 +3.15% Close, 12 Oct 2026
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Price $339.94 −29.05% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue759.9Operating income137.7Net income113.7EPS, diluted2.92Fiscal year 2017Revenue840.9 +10.7%Operating income162.8Net income169.6 +49.1%EPS, diluted4.32 +47.9%Fiscal year 2018Revenue935.3 +11.2%Operating income152.5Net income147.5 −13.0%EPS, diluted3.68 −14.8%Fiscal year 2019Revenue1,086.4 +16.2%Operating income156.4Net income146.5 −0.6%EPS, diluted3.65 −0.8%Fiscal year 2020Revenue1,116.7 +2.8%Operating income172.9Net income194.8 +33.0%EPS, diluted4.69 +28.5%Fiscal year 2021Revenue1,592.3 +42.6%Operating income180.7Net income161.5 −17.1%EPS, diluted3.82 −18.6%Fiscal year 2022Revenue1,850.2 +16.2%Operating income214.2Net income164.2 +1.7%EPS, diluted3.87 +1.3%Fiscal year 2023Revenue1,951.8 +5.5%Operating income218.5Net income165.9 +1.0%EPS, diluted3.88 +0.3%Fiscal year 2024Revenue2,137.8 +9.5%Operating income299.5Net income263.0 +58.5%EPS, diluted6.05 +55.9%Fiscal year 2025Revenue2,332.3 +9.1%Operating income357.7Net income315.6 +20.0%EPS, diluted7.20 +19.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 759.9 840.9 935.3 1,086.4 1,116.7 1,592.3 1,850.2 1,951.8 2,137.8 2,332.3
Growth +10.7% +11.2% +16.2% +2.8% +42.6% +16.2% +5.5% +9.5% +9.1%
Operating income 137.7 162.8 152.5 156.4 172.9 180.7 214.2 218.5 299.5 357.7
Net income 113.7 169.6 147.5 146.5 194.8 161.5 164.2 165.9 263.0 315.6
Growth +49.1% −13.0% −0.6% +33.0% −17.1% +1.7% +1.0% +58.5% +20.0%
EPS, diluted 2.92 4.32 3.68 3.65 4.69 3.82 3.87 3.88 6.05 7.20
Growth +47.9% −14.8% −0.8% +28.5% −18.6% +1.3% +0.3% +55.9% +19.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin47.3%Operating margin18.1%Net margin15.0%Free cash flow margin20.3%Fiscal year 2017Gross margin47.5%Operating margin19.4%Net margin20.2%Free cash flow margin18.2%Fiscal year 2018Gross margin47.0%Operating margin16.3%Net margin15.8%Free cash flow margin23.8%Fiscal year 2019Gross margin47.6%Operating margin14.4%Net margin13.5%Free cash flow margin20.0%Fiscal year 2020Gross margin48.6%Operating margin15.5%Net margin17.4%Free cash flow margin29.8%Fiscal year 2021Gross margin44.6%Operating margin11.4%Net margin10.1%Free cash flow margin21.2%Fiscal year 2022Gross margin42.4%Operating margin11.6%Net margin8.9%Free cash flow margin19.4%Fiscal year 2023Gross margin44.1%Operating margin11.2%Net margin8.5%Free cash flow margin18.4%Fiscal year 2024Gross margin43.8%Operating margin14.0%Net margin12.3%Free cash flow margin28.3%Fiscal year 2025Gross margin46.5%Operating margin15.3%Net margin13.5%Free cash flow margin27.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 47.3% 47.5% 47.0% 47.6% 48.6% 44.6% 42.4% 44.1% 43.8% 46.5%
Operating margin 18.1% 19.4% 16.3% 14.4% 15.5% 11.4% 11.6% 11.2% 14.0% 15.3%
Net margin 15.0% 20.2% 15.8% 13.5% 17.4% 10.1% 8.9% 8.5% 12.3% 13.5%
Free cash flow margin 20.3% 18.2% 23.8% 20.0% 29.8% 21.2% 19.4% 18.4% 28.3% 27.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow191.9Capital expenditure−37.7Free cash flow154.1Buybacks−111.8Fiscal year 2017Operating cash flow195.8Capital expenditure−43.1Free cash flow152.7 −0.9%Buybacks−7.5Fiscal year 2018Operating cash flow250.2Capital expenditure−27.4Free cash flow222.8 +45.9%Buybacks−146.6Fiscal year 2019Operating cash flow254.7Capital expenditure−37.2Free cash flow217.5 −2.4%Buybacks−17.8Fiscal year 2020Operating cash flow355.1Capital expenditure−22.7Free cash flow332.4 +52.8%Buybacks−15.5Fiscal year 2021Operating cash flow371.8Capital expenditure−33.9Free cash flow337.8 +1.6%Buybacks−13.0Fiscal year 2022Operating cash flow381.5Capital expenditure−22.5Free cash flow358.9 +6.2%Buybacks0.0Fiscal year 2023Operating cash flow380.4Capital expenditure−20.5Free cash flow359.9 +0.3%Buybacks0.0Fiscal year 2024Operating cash flow624.6Capital expenditure−20.5Free cash flow604.1 +67.8%Buybacks0.0Fiscal year 2025Operating cash flow653.5Capital expenditure−16.0Free cash flow637.5 +5.5%Buybacks−174.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 191.9 195.8 250.2 254.7 355.1 371.8 381.5 380.4 624.6 653.5
Capital expenditure −37.7 −43.1 −27.4 −37.2 −22.7 −33.9 −22.5 −20.5 −20.5 −16.0
Free cash flow 154.1 152.7 222.8 217.5 332.4 337.8 358.9 359.9 604.1 637.5
Growth −0.9% +45.9% −2.4% +52.8% +1.6% +6.2% +0.3% +67.8% +5.5%
Buybacks −111.8 −7.5 −146.6 −17.8 −15.5 −13.0 0.0 0.0 0.0 −174.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash36.2Shareholders’ equity934.5Fiscal year 2017Cash185.9Shareholders’ equity1,191.7Fiscal year 2018Cash134.3Shareholders’ equity1,324.8Fiscal year 2019Cash232.7Shareholders’ equity1,617.1Fiscal year 2020Cash603.6Shareholders’ equity1,986.1Fiscal year 2021Cash309.2Total debt1,341.3Net cash (debt)−1,032.1Shareholders’ equity2,324.0Debt to equity0.58Fiscal year 2022Cash173.9Total debt987.4Net cash (debt)−813.5Shareholders’ equity2,624.4Debt to equity0.38Fiscal year 2023Cash165.5Total debt646.0Net cash (debt)−480.5Shareholders’ equity2,938.0Debt to equity0.22Fiscal year 2024Cash744.7Total debt597.9Net cash (debt)146.8Shareholders’ equity3,388.4Debt to equity0.18Fiscal year 2025Cash1,015.4Total debt599.7Net cash (debt)415.7Shareholders’ equity3,702.8Debt to equity0.16
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 36.2 185.9 134.3 232.7 603.6 309.2 173.9 165.5 744.7 1,015.4
Total debt n/a n/a n/a n/a n/a 1,341.3 987.4 646.0 597.9 599.7
Net cash (debt) n/a n/a n/a n/a n/a −1,032.1 −813.5 −480.5 146.8 415.7
Shareholders’ equity 934.5 1,191.7 1,324.8 1,617.1 1,986.1 2,324.0 2,624.4 2,938.0 3,388.4 3,702.8
Debt to equity n/a n/a n/a n/a n/a 0.58 0.38 0.22 0.18 0.16

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
759.9 840.9 935.3 1,086.4 1,116.7 1,592.3 1,850.2 1,951.8 2,137.8 2,332.3
Growth +10.7% +11.2% +16.2% +2.8% +42.6% +16.2% +5.5% +9.5% +9.1%
400.7 441.5 495.7 569.5 574.2 882.6 1,066.3 1,090.7 1,202.0 1,248.6
359.2 399.4 439.6 516.9 542.5 709.6 783.9 861.1 935.8 1,083.7
Growth +11.2% +10.1% +17.6% +5.0% +30.8% +10.5% +9.9% +8.7% +15.8%
165.2 175.9 207.6 257.7 259.6 390.6 267.3 308.6 300.9 316.4
137.7 162.8 152.5 156.4 172.9 180.7 214.2 218.5 299.5 357.7
Growth +18.2% −6.3% +2.5% +10.6% +4.5% +18.5% +2.0% +37.1% +19.4%
135.7 163.5 155.9 159.8 175.0 159.0 187.6 198.2 308.2 390.3
22.0 −6.1 8.4 13.3 −19.8 −2.5 23.4 32.3 45.1 74.7
113.7 169.6 147.5 146.5 194.8 161.5 164.2 165.9 263.0 315.6
Growth +49.1% −13.0% −0.6% +33.0% −17.1% +1.7% +1.0% +58.5% +20.0%
Per share
3.12 4.55 3.84 3.79 4.87 3.95 3.95 3.95 6.17 7.32
2.92 4.32 3.68 3.65 4.69 3.82 3.87 3.88 6.05 7.20
Growth +47.9% −14.8% −0.8% +28.5% −18.6% +1.3% +0.3% +55.9% +19.0%
36.4 37.3 38.4 38.6 40.0 40.8 41.5 42.0 42.6 43.1
39.0 39.2 40.1 40.1 41.5 42.2 42.4 42.8 43.5 43.8
Growth +0.7% +2.2% −0.0% +3.5% +1.7% +0.4% +0.9% +1.7% +0.7%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 15.9% a year over five years, and earnings per share grew 9.0% a year.
  • The diluted share count rose 5.5% in five years, which is dilution.
  • Operating margin is flat at 15.3%.
  • Profitable in every one of the 10 years on file.