Tyler Technologies, Inc. TYL

325.57 (1.28) (0.39%) as of 25 Sep
Market cap
$13.4B
P/E
42.7×
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Tyler Technologies, Inc. (TYL) Gross margin

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

Annual

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

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 45

Gross margin against peers

Company Gross margin
PTC PTC Inc. compare 84.5%
HUBS HubSpot, Inc. compare 83.3%
DOCU Docusign Inc. compare 79.5%
FIG Figma, Inc. compare 79.1%
FROG JFrog Ltd. compare 77.9%
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 46.3%

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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