Tyler Technologies (TYL) stock
Information Technology · Application Software
Tyler Technologies (TYL) is an Application Software company in the Information Technology sector, headquartered in Plano, Texas. As of October 23, 2026, TYL closed at $390.14, a market capitalization of $15.98 billion, the 443rd largest company in the S&P 500. Over the last twelve months it generated $2.43 billion in revenue (+8% year over year) and $705.78 million in free cash flow. The stock trades at 51.3x trailing earnings and 25.4x forward earnings.
- 1-year total return: -24.4% (dividends reinvested)
- 5-year return: -5.9% a year
- 52-week range: $270.71 – $517.51
- Gross margin 47.2%, operating margin 14.7%
- FI Handbook report card: C across 10 metrics
- 70th largest of 75 Information Technology stocks in the S&P 500
TYL price chart
1Y price change: -24.4% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| TYL | +17.3% | -14.1% | -24.4% | +2.1% | -5.9% | +9.1% | +14.0% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1980.
TYL key statistics
- Market cap
- $16.0B
- #443 in S&P 500
- P/E (TTM)
- 51.3x
- Forward P/E
- 25.4x
- EPS (TTM)
- $7.60
- Revenue (TTM)
- $2.4B
- +8%
- Free cash flow
- $705.8M
- Gross margin
- 47.2%
- Operating margin
- 14.7%
- Return on equity
- 9.7%
- Dividend yield
- None
- 52-week range
- $270.71 – $517.51
- Beta
- 0.85
- Price / sales
- 6.6x
- EV / EBITDA
- 35.9x
- Debt / equity
- 0.48x
- Employees
- 7,879
TYL report card
CTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth8.2%C
- Gross margin47.2%B
- Operating margin14.7%C
- FCF margin29.0%A
- Return on equity9.7%D
- Net debt / EBITDA1.1xC
- Forward P/E25.4xC
- PEG ratio1.5xC
- Shareholder yield1.1%D
- Share count change / yr1.1%D
Tyler Technologies financials
Revenue went from $759.9M in fiscal 2016 to $2.3B in fiscal 2025, growing 13.3% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $759.9M | $840.9M | $935.3M | $1.1B | $1.1B | $1.6B | $1.9B | $2.0B | $2.1B | $2.3B |
| Gross profit | $359.2M | $399.4M | $439.6M | $516.9M | $542.5M | $709.6M | $783.9M | $861.1M | $935.8M | $1.1B |
| Operating income | $137.7M | $162.8M | $152.5M | $156.4M | $172.9M | $180.7M | $214.2M | $218.5M | $299.5M | $357.7M |
| Net income | $113.7M | $169.6M | $147.5M | $146.5M | $194.8M | $161.5M | $164.2M | $165.9M | $263.0M | $315.6M |
| EPS (diluted) | $2.92 | $4.32 | $3.68 | $3.65 | $4.69 | $3.82 | $3.87 | $3.88 | $6.05 | $7.20 |
| Free cash flow | $154.1M | $152.7M | $222.8M | $217.5M | $332.4M | $337.8M | $358.9M | $359.9M | $604.1M | $637.5M |
| Buybacks | $111.8M | $7.5M | $146.6M | $17.8M | $15.5M | $13.0M | $0 | $0 | $0 | $174.7M |
| Diluted shares | 39.0M | 39.2M | 40.1M | 40.1M | 41.5M | 42.2M | 42.4M | 42.8M | 43.5M | 43.8M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into TYL?
A reverse DCF asks what growth the current price requires. With an enterprise value of $16.5B and $705.8M of trailing free cash flow, Tyler Technologies needs to grow free cash flow about 14.4% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 13.9% a year over the last five years.
P/E ratio history
Current 54.2x vs. median 80.5x (10th–90th percentile 42.2x–109.7x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
TYL analyst price targets
22 analysts' average 12-month target is $427.95 (+10% vs. $390.14). Targets range from $345.00 to $525.00. 83% rate it a buy.
TYL earnings
Next report: October 28, 2026. Tyler Technologies has beaten EPS estimates 2 quarters in a row. Last quarter's revenue was $645.1M (+8% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 29, 2026 | $3.07 | $3.08 | +0.4% |
| Apr 29, 2026 | $3.01 | $3.09 | +2.7% |
| Feb 11, 2026 | $2.73 | $2.64 | -3.3% |
| Oct 29, 2025 | $2.86 | $2.97 | +3.9% |
| Jul 30, 2025 | $2.78 | $2.91 | +4.8% |
| Apr 23, 2025 | $2.56 | $2.78 | +8.7% |
| Feb 12, 2025 | $2.44 | $2.43 | -0.2% |
| Oct 23, 2024 | $2.43 | $2.52 | +3.7% |
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TYL news
- Is Fairfax AI Rollout Altering The Investment Case For Tyler Technologies (TYL)? · Oct 22, 2026
- Tyler Technologies (TYL) Reports Next Week: Wall Street Expects Earnings Growth · Oct 21, 2026
- Earnings Preview: What To Expect From Tyler Technologies' Report · Oct 21, 2026
- Fairfax County, Virginia, Transforms Resident Services with Tyler Technologies’ Resident AI Assistant · Oct 20, 2026
- Tyler Technologies Schedules Third Quarter 2026 Earnings Conference Call and Webcast · Oct 13, 2026
TYL stock FAQ
What is TYL's market cap?
Tyler Technologies's market capitalization is $15.98 billion as of October 23, 2026, ranking 443rd in the S&P 500.
What is TYL's P/E ratio?
TYL trades at a trailing price-to-earnings ratio of 51.3x and a forward P/E of 25.4x. Its median P/E over the period we track is 80.5x.
Does TYL pay a dividend?
No. Tyler Technologies does not currently pay a regular cash dividend.
How much has TYL stock returned?
Including reinvested dividends, TYL returned -24.4% over one year, -5.9% a year over five years, +9.1% a year over ten years through October 23, 2026.
Is TYL stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Tyler Technologies must grow free cash flow about 14% a year for the next decade. Its free cash flow grew 14% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the TYL price target?
22 analysts cover TYL with an average 12-month price target of $427.95, +10% from the current price. 83% of them rate it a buy.
When does TYL report earnings?
Tyler Technologies is expected to report earnings on October 28, 2026. It has beaten EPS estimates 2 quarters in a row.
How many employees does Tyler Technologies have?
Tyler Technologies has about 7,879 full-time employees, or $308,371 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology