Tyler Technologies Inc income statement
In fiscal 2025, Tyler Technologies Inc reported revenue of $2.33bn, up 9.1% on the year before, operating income of $358m (a 15.3% margin) and net income of $316m, or $7.20 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 290 | 289 | 309 | 363 | 417 | 493 | 591 | 760 | 841 | 935 | 1,086 | 1,117 | 1,592 | 1,850 | 1,952 | 2,138 | 2,332 | 2,481 |
| Cost of revenue | 162 | 160 | 167 | 196 | 223 | 260 | 314 | 401 | 442 | 496 | 570 | 574 | 883 | 1,066 | 1,091 | 1,202 | 1,249 | 1,298 |
| Gross profit | 129 | 128 | 142 | 168 | 193 | 233 | 277 | 359 | 399 | 440 | 517 | 543 | 710 | 784 | 861 | 936 | 1,084 | 1,184 |
| Research and development | 11 | 14 | 16 | 20 | 23 | 26 | 30 | 43 | 47 | 63 | 81 | 88 | 93 | 105 | 110 | 118 | 205 | 240 |
| Selling, general and administrative | 70 | 69 | 76 | 87 | 98 | 108 | 133 | 165 | 176 | 208 | 258 | 260 | 391 | — | — | — | — | — |
| Selling and marketing | — | — | — | — | — | — | — | — | — | — | — | — | — | 136 | 150 | 158 | 149 | 157 |
| General and administrative | — | — | — | — | — | — | — | — | — | — | — | — | — | 267 | 309 | 301 | 316 | 340 |
| Operating income | 45 | 42 | 47 | 57 | 67 | 95 | 108 | 138 | 163 | 152 | 156 | 173 | 181 | 214 | 219 | 300 | 358 | 387 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | — | — | 28 | 24 | 6 | 5 | 9 |
| Net interest income | — | — | — | — | — | — | — | — | — | — | −2 | −1 | −23 | −28 | −24 | — | — | — |
| Income before tax | 45 | 40 | 44 | 54 | 66 | 94 | 108 | 136 | 163 | 156 | 160 | 175 | 159 | 188 | 198 | 308 | 390 | 433 |
| Income tax | 18 | 15 | 17 | 21 | 27 | 36 | 44 | 22 | −6 | 8 | 13 | −20 | −2 | 23 | 32 | 45 | 75 | 98 |
| Net income | 27 | 25 | 28 | 33 | 39 | 59 | 65 | 114 | 170 | 147 | 147 | 195 | 161 | 164 | 166 | 263 | 316 | 335 |
| Diluted EPS | $0.74 | $0.71 | $0.83 | $1.00 | $1.13 | $1.66 | $1.77 | $2.92 | $4.32 | $3.68 | $3.65 | $4.69 | $3.82 | $3.87 | $3.88 | $6.05 | $7.20 | $7.92 |
| Diluted shares (average) | 37m | 36m | 33m | 33m | 35m | 35m | 37m | 39m | 39m | 40m | 40m | 42m | 42m | 42m | 43m | 43m | 44m | 42m |
| EBITDA | 54 | 52 | 57 | 69 | 81 | 109 | 128 | 187 | 216 | 214 | 233 | 255 | 316 | 373 | 373 | 443 | 496 | 533 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 541 | 565 | 596 | 596 | 575 | 614 | 645 | 648 |
| Cost of revenue | 304 | 298 | 323 | 314 | 313 | 317 | 338 | 329 |
| Gross profit | 237 | 267 | 273 | 281 | 262 | 296 | 307 | 318 |
| Research and development | 29 | 48 | 51 | 52 | 54 | 60 | 63 | 63 |
| Selling and marketing | 42 | 36 | 36 | 38 | 38 | 39 | 40 | 40 |
| General and administrative | 80 | 79 | 77 | 80 | 80 | 84 | 94 | 82 |
| Operating income | 72 | 89 | 96 | 98 | 75 | 100 | 95 | 117 |
| Interest expense | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 |
| Income before tax | 77 | 95 | 103 | 108 | 85 | 106 | 121 | 121 |
| Income tax | 12 | 14 | 18 | 23 | 19 | 25 | 27 | 26 |
| Net income | 65 | 81 | 85 | 84 | 66 | 81 | 94 | 95 |
| Diluted EPS | $1.49 | $1.84 | $1.93 | $1.93 | $1.50 | $1.88 | $2.23 | $2.33 |
| EBITDA | 106 | 124 | 130 | 133 | 109 | 139 | 131 | 154 |
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