Tyler Technologies, Inc.

TYL Technology Software Application

Tyler Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 9.10% from fiscal 2024. In the quarter to June 2026, revenue grew 8.22%, EPS grew 14.8%, free cash flow grew 34.7% and total debt rose 135.4%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years; insiders bought in the last twelve months.

360.87 2.75 −0.76%
Market cap
$14.9B
P/E
47.3×
Fwd P/E
37.8×
Dividend yield
—
F-score
6/9
Altman Z
7.25
Beneish M
−2.70
Dividend safety
n/a

Tyler Technologies, Inc. (TYL) Gross margin

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Tyler Technologies, Inc.'s gross margin over the twelve months to 30 June 2026 was 47.2%, up 0.8 percentage points from fiscal 2025 (46.5%). Over the past ten years it has ranged from 42.4% (fiscal 2022) to 48.6% (fiscal 2020); the current reading is higher than 45% of that period. That is below the Software Application industry median of 67.0% and in line with the Technology sector median of 47.2%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 46.5% 2.69
FY2024 43.8% (0.35)
FY2023 44.1% 1.75
FY2022 42.4% (2.20)
FY2021 44.6% (4.01)
FY2020 48.6% 1.00
FY2019 47.6% 0.58
FY2018 47.0% (0.49)
FY2017 47.5% 0.22
FY2016 47.3% 0.37

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 47.6% (0.72)
Mar 2026 48.3% 2.77
Dec 2025 45.6% (1.68)
Sep 2025 47.2% 1.40
42 more quarters

Against its own ten years

Low 42.4% High 48.6%
Ten-year median 46.9%
Current reading's percentile 67

Gross margin against peers

Company Gross margin
FICO Fair Isaac Corporation compare 85.1%
HUBS HubSpot, Inc. compare 83.3%
DT Dynatrace, Inc. compare 81.4%
DOCU Docusign Inc. compare 79.5%
FIG Figma, Inc. compare 79.1%
GWRE Guidewire Software, Inc. compare 64.2%
MANH Manhattan Associates, Inc. compare 55.8%
TYL Tyler Technologies, Inc. 47.2%
GRAB Grab Holdings Limited compare 43.6%
Software Application industry median 67.0%
Technology sector median 47.2%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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