Tyler Technologies, Inc. (TYL) Stock Analysis
Technology · Software - Application · NYSE
Tyler Technologies, Inc. (TYL) posted $2.33B in revenue for fiscal 2025 (up 9.1% year over year), at a 13.5% net margin, and has compounded revenue about 15.9%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Tyler Technologies, Inc.
Tyler Technologies, Inc. has grown revenue from $759.88M to $2.33B over the last 10 fiscal years, compounding about 15.9% a year. The most recent year was up 9.1%, so growth has cooled from its longer-run pace.
Net margin sits at 13.5%, up 1.2 points year over year on a 46.5% gross margin. It carries about $599.66M of total debt.
At today's valuation the market is pricing in roughly 7.6% annual free-cash-flow growth — versus the 13.9% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven.
Synthesised from Tyler Technologies, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Tyler Technologies, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $759.88M | $840.90M | $935.28M | $1.09B | $1.12B | $1.59B | $1.85B | $1.95B | $2.14B | $2.33B |
| Gross profit | $359.19M | $399.38M | $439.58M | $516.90M | $542.51M | $709.64M | $783.86M | $861.10M | $935.76M | $1.08B |
| Net income | $113.70M | $169.57M | $147.46M | $146.53M | $194.82M | $161.46M | $164.24M | $165.92M | $263.03M | $315.60M |
| Net margin | 15.0% | 20.2% | 15.8% | 13.5% | 17.4% | 10.1% | 8.9% | 8.5% | 12.3% | 13.5% |
Source: Tyler Technologies, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
Tyler Technologies, Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into TYL stock?
At today's market cap of $12.68B, Tyler Technologies, Inc. is priced for free-cash-flow growth of about 7.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $637.53M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 13.9%/yr over the last five fiscal years and revenue 15.9%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Tyler Technologies, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track TYL in your portfolio →
Tyler Technologies, Inc. financial history by metric
Compare Tyler Technologies, Inc. with peers
About Tyler Technologies, Inc.
Tyler Technologies, Inc. provides integrated software and technology management solutions for the public sector in the United States. It operates in two segments, Enterprise Software and Platform Technologies. The company designs, develops, markets, and supports a range of software solutions to serve mission-critical back-office functions. It also offers platform and transformative technology solutions, such as cybersecurity, data and insights, digital solutions, payments, platform technologies, and outdoor recreation; public administration solutions, including civic services, ERP, property and recording, and regulatory; and corrections, courts and justice, and public safety solutions. In addition, the company provides school ERP and student transportation K-12 education solutions; and health and human services solutions comprising environmental health, and disability and benefits. It has a strategic collaboration agreement with Amazon Web Services for cloud hosting services. The company was formerly known as Tyler Corporation and changed its name to Tyler Technologies, Inc. in June 1999. Tyler Technologies, Inc. was founded in 1966 and is based in Plano, Texas.
Tyler Technologies, Inc. — frequently asked questions
What is Tyler Technologies, Inc.'s revenue?
Tyler Technologies, Inc. (TYL) reported revenue of $2.33B for fiscal year 2025, up 9.1% from the prior year, according to its SEC filings.
Is Tyler Technologies, Inc. profitable?
Yes. TYL earned net income of $315.60M in fiscal 2025, a net margin of 13.5%.
What is TYL's P/E ratio?
Tyler Technologies, Inc. trades at a price-to-earnings ratio of about 40.6 based on the latest data in our nightly-refreshed cache.
How fast is Tyler Technologies, Inc. growing?
TYL's revenue grew at roughly 15.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Tyler Technologies, Inc. have?
As of fiscal year 2025, TYL carried roughly $599.66M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Tyler Technologies, Inc.'s gross margin?
TYL's gross margin was 46.5% in fiscal 2025 — gross profit of $1.08B on revenue of $2.33B.
What is Tyler Technologies, Inc.'s market cap?
Tyler Technologies, Inc. (TYL) has a market capitalization of about $12.68B, based on the latest data in our nightly-refreshed cache.
When does Tyler Technologies, Inc.'s fiscal year end?
TYL's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into TYL stock?
At today's market cap of $12.68B, Tyler Technologies, Inc. is priced for free-cash-flow growth of about 7.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $637.53M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 13.9%/yr over the last five fiscal years and revenue 15.9%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Tyler Technologies, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.