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.

Revenue
+8.67%
EPS
+19.8%
Free cash flow
+11.9%
Total debt
+135.5%

Quarter to September 2026, against a year earlier

416.81 13.56 −3.15%
Market cap
$17.1B
P/E
53.6×
Fwd P/E
45.9×
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 September 2026 was 47.7%, up 1.2 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 66.9% and in line with the Technology sector median of 46.9%.

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)
Sep 2026 49.1% 1.54
Jun 2026 47.6% (0.72)
Mar 2026 48.3% 2.77
Dec 2025 45.6% (1.68)
43 more quarters

Against its own ten years

Low 42.4% High 48.6%
Ten-year median 46.9%
Current reading's percentile 88

Gross margin against peers

Company Gross margin
FICO Fair Isaac Corporation compare 85.1%
DT Dynatrace, Inc. compare 81.1%
DOCU Docusign Inc. compare 79.5%
U Unity Software Inc. compare 67.7%
GWRE Guidewire Software, Inc. compare 64.2%
MANH Manhattan Associates, Inc. compare 55.9%
SSNC SS&C Technologies Holdings, Inc. compare 48.1%
TYL Tyler Technologies, Inc. 47.7%
GRAB Grab Holdings Limited compare 44.4%
Software Application industry median 66.9%
Technology sector median 46.9%
Market median 45.1%

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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