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

416.00 14.37 −3.34%
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) Operating margin

Alert me on Operating margin

Tyler Technologies, Inc.'s operating margin over the twelve months to 30 September 2026 was 15.6%, up 0.2 percentage points from fiscal 2025 (15.3%). Over the past ten years it has ranged from 11.2% (fiscal 2023) to 19.4% (fiscal 2017); the current reading is higher than 55% of that period. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.02%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 15.3% 1.33
FY2024 14.0% 2.81
FY2023 11.2% (0.38)
FY2022 11.6% 0.23
FY2021 11.4% (4.14)
FY2020 15.5% 1.10
FY2019 14.4% (1.91)
FY2018 16.3% (3.06)
FY2017 19.4% 1.24
FY2016 18.1% (0.16)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 18.1% 3.33
Jun 2026 14.7% (1.53)
Mar 2026 16.3% 3.23
Dec 2025 13.0% (3.39)
43 more quarters

Against its own ten years

Low 11.2% High 19.4%
Ten-year median 15.3%
Current reading's percentile 70

Operating margin against peers

Company Operating margin
FICO Fair Isaac Corporation compare 51.7%
MANH Manhattan Associates, Inc. compare 24.1%
SSNC SS&C Technologies Holdings, Inc. compare 23.6%
TYL Tyler Technologies, Inc. 15.6%
DT Dynatrace, Inc. compare 12.7%
DOCU Docusign Inc. compare 12.0%
GWRE Guidewire Software, Inc. compare 10.2%
GRAB Grab Holdings Limited compare 5.06%
U Unity Software Inc. compare −17.9%
Software Application industry median 0.00%
Technology sector median 0.02%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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