Tyler Technologies, Inc. specializes in delivering comprehensive information management solutions and services tailored for the public sector. Its operations are organized into ...
Tyler Technologies, Inc. is a premier software company headquartered in Plano, Texas, dedicated to empowering the public sector with comprehensive information management solutions. Founded in 1966 as Saturn Industries by Joseph F. McKinney, the company evolved through acquisitions, including Tyler Pipe in 1968, and later rebranded as Tyler Technologies in ...Tyler Technologies, Inc. is a premier software company headquartered in Plano, Texas, dedicated to empowering the public sector with comprehensive information management solutions. Founded in 1966 as Saturn Industries by Joseph F. McKinney, the company evolved through acquisitions, including Tyler Pipe in 1968, and later rebranded as Tyler Technologies in 1999 to focus on government software. Today, Tyler operates three primary divisions: Enterprise Software, Appraisal and Tax, and NIC, offering a broad portfolio that includes financial management, utility billing, court systems, public safety, appraisal and tax, and records management. The company is known for pioneering computer-assisted mass appraisal (CAMA) and provides end-to-end property tax lifecycle solutions. Tyler's services extend to software-as-a-service (SaaS) offerings, electronic filing, installation, training, and outsourced appraisal services. With 7,800 employees, Tyler serves over 15,000 clients, including all 50 states, and collaborates with Amazon Web Services for cloud hosting. Under the leadership of CEO H. Lynn Moore Jr., the company reported a market cap of approximately $12.8 billion, with strong financial metrics such as a net margin of 13.4% and revenue per share of $58.46. Tyler’s commitment to innovation and public sector efficiency makes it a key player in civic technology.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$2.3B
+9.1%
+5.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$315.6M
+20.0%
+15.2%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+44.0%
+7.5%
-1.5%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+15.3%
+9.5%
-9.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+13.5%
+10.0%
+9.5%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$637.5M
+5.5%
+14.7%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+27.3%
-3.3%
+9.1%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
18.3%
-3.1%
+3454.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.05x
-22.3%
+55.2%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello, and welcome to today's Tyler Technologies Second Quarter 2026 Conference Call. Your host for today's call is Lynn Moore, Executive Chair, President and CEO of Tyler Technologies. . Later, we will conduct a question-and-answer session injections will follow at that time. In order to address everyone's questions and stay within the allotted time, lined-up. And as a reminder, this conference is being recorded today, July 30, 2026. I would like to turn the call over to Hala Elsherbini Elsherbini, Tyler's Senior Director of Investor Relations. Please go ahead.
Hala Elsherbini: Thank you, and welcome to our call. With me today is Lynn Moore, Executive Chair, President and CEO; and Brian Miller, our Chief Financial Officer. In an effort to streamline our early communications and provide timely context around our quarterly earnings release, we published our prepared remarks yesterday, shortly after our full quarterly results release to the news section of our Investor Relations website. We've also posted on the Investor Relations section of our website under the Financials tab a schedule with supplemental information. Lastly, on the Events & Presentations tab, we posted an earnings summary slide deck to supplement our prepared remarks. After I give the safe harbor statement, Lynn will have some opening remarks and will directly go to Q&A. During this conference call, management may make statements that provide information other than historical information and may include projections concerning the company's future prospects, revenues, expenses and profits. Such statements are considered forward-looking statements under the safe harbor provision of the Private Securities Litigation Reform Act of 1995 and are subject to certain risks and uncertainties, which could cause actual results to differ materially from these projections. We refer you to our Form 10-K and other SEC filings for more information on those risks. Lynn?
H. Moore: Thanks, Hala. As you can see, it was a very busy and exceptionally productive quarter for Tyler. We accomplished a great deal strategically, including our Investor Day where we detailed new higher Tyler 2030 targets, our convertible debt offering, which enhanced our financial flexibility, significant share repurchases, reflecting confidence in our long-term growth and the acquisition of for the record, which strengthens our leadership position in the courts and justice market all while continuing to deliver strong execution across the business. Operationally, we delivered another strong quarter, highlighted by 21.7% SaaS revenue growth record SaaS bookings, record total bookings and record second quarter free cash flow. Public sector demand remains healthy, supported by ongoing modernization priorities across government and continued investment in digital transformation cyber security, operational efficiency and constituent engagement. We also continue to see momentum in our transactions business, made …
