Tyler Technologies, Inc. TYL
- Market cap
- $13.4B
- P/E
- 42.7×
Follow TYL
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 118.16 | 142.75 | 173.26 | 176.27 | 247.22 | 372.80 | 281.11 | 301.69 | 397.80 | 445.64 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 175.77 | 188.22 | 252.47 | 301.39 | 466.21 | 557.55 | 538.96 | 426.83 | 638.56 | 661.31 |
High Price
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| 3,831 | 4,069 | 4,525 | 5,368 | 5,536 | 6,778 | 7,200 | 7,300 | 7,400 | 7,800 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
|
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| 760 | 841 | 935 | 1,086 | 1,117 | 1,592 | 1,850 | 1,952 | 2,138 | 2,332 |
Revenue
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| 47.27% | 47.49% | 47.00% | 47.58% | 48.58% | 44.57% | 42.37% | 44.12% | 43.77% | 46.46% |
Gross Margin
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| 136 | 163 | 156 | 160 | 175 | 159 | 188 | 198 | 308 | 390 |
EBT
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| 17.85% | 19.44% | 16.67% | 14.71% | 15.68% | 9.98% | 10.14% | 10.16% | 14.42% | 16.74% |
EBT Margin
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| 114 | 170 | 147 | 147 | 195 | 161 | 164 | 166 | 263 | 316 |
Net Income
|
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| 50 | 53 | 62 | 77 | 87 | 146 | 172 | 171 | 152 | 148 |
Depreciation
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| 20.85 | 22.56 | 24.33 | 28.12 | 27.89 | 38.98 | 44.54 | 46.44 | 50.17 | 54.12 |
Revenue/Sh
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| 3.01 | 4.40 | 3.84 | 3.79 | 4.87 | 3.95 | 3.95 | 3.95 | 6.17 | 7.32 |
Earnings/Sh
|
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| 5.26 | 5.25 | 6.51 | 6.59 | 8.87 | 9.10 | 9.18 | 9.05 | 14.66 | 15.17 |
Cash Flow/Sh
|
|||
| (1.04) | (1.16) | (0.71) | (1.09) | (0.71) | (1.36) | (1.21) | (1.26) | (1.17) | (0.76) |
Capex/Sh
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| 4.23 | 4.10 | 5.79 | 5.50 | 8.16 | 7.74 | 7.97 | 7.79 | 13.49 | 14.40 |
Free CF/Sh
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| 25.12 | 31.97 | 34.46 | 41.85 | 49.61 | 56.89 | 63.17 | 69.91 | 79.52 | 85.92 |
Book Value/Sh
|
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| 36 | 37 | 38 | 39 | 40 | 41 | 42 | 42 | 43 | 43 |
Shares
|
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| 51.47 | 40.70 | 48.39 | 79.37 | 89.63 | 136.19 | 80.64 | 103.34 | 93.46 | 62.02 |
PE Ratio
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| 6.94 | 7.92 | 7.64 | 10.67 | 15.65 | 13.80 | 7.17 | 8.79 | 11.49 | 8.39 |
PS Ratio
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| 5.76 | 5.59 | 5.39 | 7.17 | 8.80 | 9.46 | 5.06 | 5.84 | 7.25 | 5.28 |
PB Ratio
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| 6.88 | 7.66 | 7.46 | 10.44 | 15.06 | 14.42 | 7.59 | 9.03 | 11.44 | 8.43 |
EV/Sales
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| 33.93 | 42.18 | 31.31 | 53.34 | 51.50 | 72.61 | 42.39 | 53.83 | 42.55 | 31.68 |
EV/FCF
|
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| 192 | 196 | 250 | 255 | 355 | 372 | 381 | 380 | 625 | 654 |
Op' Cash Flow
|
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| (38) | (43) | (27) | (42) | (28) | (56) | (50) | (53) | (50) | (33) |
Capex
|
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| 154 | 153 | 223 | 213 | 327 | 316 | 331 | 327 | 575 | 621 |
FCF
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| (79) | 149 | 95 | 171 | 549 | 135 | (42) | (141) | 375 | 88 |
Working Cap'
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| 10 | — | — | 23 | 22 | 1,341 | 987 | 646 | 598 | 600 |
Total Debt
|
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| (46) | (229) | (179) | (249) | (654) | 980 | 777 | 470 | (170) | (498) |
Net Debt
|
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| 916 | 1,192 | 1,325 | 1,617 | 1,986 | 2,324 | 2,624 | 2,938 | 3,388 | 3,703 |
Sh' Equity
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| 8.38% | 11.42% | 8.67% | 7.36% | 8.12% | 4.40% | 3.49% | 3.54% | 5.34% | 5.83% |
ROA
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| 9.90% | 10.57% | 8.31% | 7.14% | 8.11% | 3.42% | 3.94% | 4.01% | 5.82% | 6.97% |
ROIC
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| 12.82% | 16.09% | 11.72% | 9.96% | 10.81% | 7.49% | 6.64% | 5.97% | 8.32% | 8.90% |
ROE
|
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Tyler Technologies, Inc. peers in Software Application
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| DOCU Docusign Inc. | $12.8B | 40.4× | Compare |
| GRAB Grab Holdings Limited | $12.8B | 22.4× | Compare |
| GWRE Guidewire Software, Inc. | $12.4B | 87.7× | Compare |
| MANH Manhattan Associates, Inc. | $12.2B | 58.4× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| PTC PTC Inc. | $15.1B | 13.3× | Compare |
| FROG JFrog Ltd. | $11.7B | 0.0× | Compare |
| FIG Figma, Inc. | $11.4B | 0.0× | Compare |
| HUBS HubSpot, Inc. | $11.0B | 75.3× | Compare |
TYL metrics, ten years each
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
Tyler Technologies, Inc. (TYL) key facts
- Tyler Technologies, Inc. (TYL) is a Software Application company in the Technology sector, listed on the New York Stock Exchange.
- Tyler Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 9.10% from fiscal 2024.
- Net income was $315.6 million, or $7.32 per share (basic), a net margin of 13.5%.
- As of September 25, 2026, TYL traded at $325.57, a market capitalization of $13.4 billion.
- At that price the stock trades at 42.7× trailing-twelve-month earnings and 5.6× sales.
- Return on equity was 8.90% and debt-to-equity 0.46.
Tyler Technologies, Inc. (TYL) Latest News
3 Sep
Tyler Technologies shares rise 6.3% after Nebraska deploys its AI assistant statewide and Alabama awards the company a cloud contract. Statewide Nebraska AI rollout plus Alabama cloud win expand Tyler's government contracts and strengthen revenue outlook.
1 Sep
Nebraska expands Tyler Technologies’ AI-enabled solutions footprint following a successful pilot program. Nebraska expansion after pilot success points to growing state-level adoption of Tyler's AI technology.
31 Aug
Tyler Technologies raises its 2030 financial targets following successful cloud transition. Raised 2030 targets after cloud transition signal major strategic progress likely to lift long-term growth trajectory and investor outlook for Tyler Technologies.
25 Aug
Tyler Technologies launches Alabama’s new licensing platform supporting more than 1.2 million annual hunting and fishing licenses. Alabama platform launch adds state contract revenue with limited scope relative to overall operations.
7 Aug
Tyler Technologies (TYL) conducted its Q2 2026 earnings call, covering quarterly financial results, operational updates, and forward outlook. Quarterly earnings call delivers performance metrics and guidance that can shift near-term investor sentiment and valuation.
6 Aug
Tyler Technologies maintains strong long-term growth outlook despite exaggerated AI concerns. Reaffirmed long-term growth counters AI worries but signals no fundamental trajectory shift.
5 Aug
Tyler Technologies completed Tennessee’s largest statewide tax cloud rollout. Major statewide tax system deployment strengthens Tyler Technologies credentials and contract pipeline in government software.
4 Aug
Tennessee Comptroller of the Treasury advances cloud transformation using Tyler Technologies. State contract win supports Tyler public sector cloud revenue but remains one deal among many.
1 Aug
Tyler Technologies reported Q2 financial results and operational updates in its earnings call, covering revenue performance, segment breakdowns, and forward guidance for the company's government and enterprise software solutions. Q2 earnings details provide performance metrics and guidance that moderately influence near-term investor sentiment and operational outlook.
31 Jul
Tyler Technologies, Inc. acquires CODY Systems. Acquisition marks a major strategic move that expands Tyler Technologies' product capabilities and competitive reach.
30 Jul
Tyler Technologies reported record SaaS bookings in its Q2 2026 earnings call. Record SaaS bookings indicate strong revenue growth and improved market position for Tyler Technologies.
Tyler Technologies held its Q2 2026 earnings call covering quarterly financial results, operational updates, and forward guidance. Earnings call details directly influence near-term stock valuation and strategic outlook for Tyler Technologies.
Tyler Technologies Q2 earnings beat estimates with revenues rising year over year. Q2 earnings beat and revenue growth point to moderately positive financial results without major long-term shifts.
Tyler Technologies reported Q2 earnings with key financial metrics compared against analyst estimates. Q2 metrics versus estimates may affect short-term sentiment but are not expected to alter company trajectory.
29 Jul
Tyler Technologies reported its second quarter 2026 financial results. Quarterly results update key financial metrics that can shift near-term investor sentiment and valuation.
24 Jul
Tyler Technologies (TYL) stock declined this week. Stock drop signals possible short-term effects on performance and sentiment.
5 Jul
Tyler Technologies deploys Resident AI Assistant across South Carolina government services. Statewide AI deployment strengthens Tyler Technologies' government software positioning and product reach.
Tyler Technologies shares fell over 50% as investors exit SaaS stocks, with limited evidence that government agencies are accelerating AI adoption. Questioning pace of government AI adoption may weigh on Tyler Technologies' public-sector growth outlook without immediate operational changes.
2 Jul
Tyler Technologies shares rose 5.5% after South Carolina completed the statewide rollout of its Bradley AI assistant. Statewide Bradley AI deployment expands Tyler Technologies government contracts and validates its core software platform.
30 Jun
Tyler Technologies (TYL) long-term sales growth runway faces evaluation for sustainability. Questions on sales growth sustainability may affect TYL valuation and investor outlook without major immediate changes.
South Carolina expands access to government services with Tyler Technologies’ Resident AI Assistant. South Carolina deployment of Tyler AI assistant supports incremental government revenue growth.
9 Jun
Tyler Technologies shares its 2026 Investor Day Presentation. Investor Day presentation outlines forward plans that may shape market views without immediate operational overhaul.
4 Jun
Tyler Technologies, Inc. (TYL) announced new leadership roles to accelerate its long-term growth strategy. Leadership role changes represent a strategic adjustment with moderate potential to influence operations and growth execution.
31 May
Tyler Technologies (TYL) selected by Anchorage for Enterprise Payments Platform. Single municipal contract win provides moderate revenue upside without shifting overall trajectory.
26 May
Tyler Technologies wins Anchorage cloud payments contract signaling deeper strength in platform strategy. Anchorage contract win highlights platform strength without fundamentally shifting company trajectory.
14 May
Tyler Technologies, Inc. closed an upsized offering of $1,437,500,000 of 0.50% Convertible Senior Notes due 2031. Upsized $1.44 billion low-cost convertible notes provide substantial capital for growth and acquisitions, significantly boosting future performance.
12 May
Tyler Technologies issues US$1b convertible bonds, reshaping its capital structure and altering valuation outlook. US$1b convertibles issuance constitutes a major strategic financing move that significantly impacts capital structure and investor valuation perceptions.
Tyler Technologies, Inc. priced an upsized $1.25 billion offering of 1.25% convertible senior notes due 2031, expecting net proceeds of about $1.22 billion after discounts and expenses. Raising $1.25 billion through convertible notes enables major capital infusion for growth initiatives but risks future equity dilution.
11 May
Tyler Technologies (TYL) stocks gain support from strong earnings and AI optimism. Strong earnings directly enhance financial performance while AI optimism positions TYL for strategic growth.
Tyler Technologies, Inc. announces proposed offering of convertible senior notes due 2031. Convertible notes offering enables capital raise for growth but introduces equity dilution risk, significantly impacting financial position and stock performance.