TYLER TECHNOLOGIES INC (TYL) Form 10-Q — Oct 28, 2026
Tyler Technologies delivered a strong third quarter, with total revenues up 8.7% to $647.6 million and diluted EPS jumping 21% to $2.33 from $1.93 a year ago. Subscriptions revenue grew 15.3% to $462.6 million, with SaaS fees up 21%, driving gross margin expansion to 49.1% from 47.2%. Annualized recurring revenues reached $2.28 billion, up roughly 11% year over year, supported by the ongoing shift of on-premises clients to SaaS and growth in transaction-based fees despite an ~$8.3 million Q3 headwind from a wound-down state payment processing contract.
Key figures
- Eps
- 2.33 diluted (Q3 2026) vs 1.93 (Q3 2025)
- Revenue
- 647566000
- Net Income
- 95074000
- Total Debt
- 1410110000
- Revenue Yoy
- 8.7% (Q3); 8.5% (nine months)
- Cash Position
- 788222000
- Shares Outstanding
- 39759524
- Arr
- $2.28 billion, up ~11% YoY
- Employee count
- 7972
- Saas growth q3
- 21%
- Gross margin q3
- 49.1% vs 47.2% prior year
- Subscriptions growth q3
- 15.3%
- Total revenues nine months
- 1906165000
- Treasury purchases nine months
- $1.144 billion (~3.6M shares)
- Operating cash flow nine months
- 514146000
- Remaining buyback authorization
- $1.334 billion as of Oct 28, 2026
AI analysis
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