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Tyler Technologies (TYL)
NYSE:TYL
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3Last Year’s EPS
2.78Same Quarter Last Year
Strong Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive picture: strong recurring revenue growth (SaaS >20%), ARR up ~11%, record free cash flow and margin expansion, notable bookings momentum in flips, meaningful AI deployment traction, a $1B share repurchase authorization and strategic M&A activity. Offsetting items included a one-time contract reserve that reduced Q4 reported results (no cash impact), the wind-down/shortfall from a Texas payments contract, lumpiness and tough comps in bookings, and higher near-term R&D investment. On balance, the company demonstrated healthy underlying demand, solid cash generation and confidence in continued SaaS and transaction growth while acknowledging some short-term variability and investment-driven margin shifts.Company Guidance
Recurring revenue and SaaS momentum
Recurring revenues grew 11% year-over-year; subscriptions revenue increased 16.1% and SaaS revenue grew 20.2% (SaaS exceeded $200M in a quarter for the first time). Company guidance expects subscription growth of 12%–15% and SaaS growth of 20.5%–22.5% for FY2026.
Record free cash flow and strong cash position
Q4 free cash flow reached a fourth-quarter record of $236.9M (free cash flow margin expanded to ~41% in the quarter). Full-year free cash flow totaled $620.8M with a free cash flow margin of 26.6%. Cash and investments at quarter end were approximately $1.16B.
Annualized recurring revenue (ARR) growth
Total annualized recurring revenue (ARR) was approximately $2.06B, up 10.9% year-over-year.
Flips and bookings strength in Q4
Total Q4 bookings were $601M (essentially flat YoY versus a difficult comparison). Total SaaS bookings grew 9.6% year-over-year in Q4 and full-year SaaS bookings grew 4%. Annual contract value (ACV) from flips signed in Q4 was $28.1M, up 64.5% YoY and up 54.8% sequentially; management said flips are a continuing growth base and expect them to grow further.
Transaction revenue growth
Transaction revenues grew 12.1% year-over-year, driven by higher volumes, adoption of new transaction services and growth from payment partners. Management expects underlying transaction revenue growth of roughly 10%–12% in 2026 after excluding a lapping impact from a large Texas contract that ended in 2025.
Profitability and operating margin improvement (full year)
Non-GAAP operating margin for the full year was 26%, up 150 basis points year-over-year, reflecting a shift toward higher-margin SaaS and transaction revenues and cloud efficiency gains.
Clear FY2026 guidance and financial targets
FY2026 guidance: total revenues $2.50B–$2.55B (midpoint ≈ +8.3%); GAAP diluted EPS $8.30–$8.61 and non-GAAP diluted EPS $12.40–$12.65; expected free cash flow margin 26%–28%; R&D $242M–$247M.
Strategic M&A and capital return
Completed four strategic acquisitions in 2025 and announced a definitive agreement to acquire For The Record (management ballparked FTR annual revenue near $45M–$50M). Board authorized a new share repurchase program up to $1.0B, underscoring strong balance sheet and capital allocation flexibility.
Commercial wins and state-level momentum
Notable Q4 wins included multiple large flips (LA County, Travis and Collin Counties TX, Contra Costa County CA, Marin County CA, Madison WI), statewide deal with New Mexico Department of Corrections, payments wins (Multnomah County OR, Maryland AOC), and SaaS deals with major school districts and Riverside County jail solution.
Early AI traction and product roadmap
Tyler's resident AI assistant is live in six states (Alabama, Hawaii, Indiana, Mississippi, Nebraska, South Carolina) with Indiana showing ~17,000 residents/month and ~50,000 questions/month. Company plans early access for agentic AI in Q1 and is embedding AI into enterprise permitting, licensing and supervision platforms with a phased rollout and client advisory board input.
TYL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TYL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $339.25 | $287.04 | -15.39% |
Oct 29, 2025 | $478.00 | $478.08 | +0.02% |
Jul 30, 2025 | $554.67 | $584.56 | +5.39% |
Apr 23, 2025 | $569.27 | $530.50 | -6.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Tyler Technologies (TYL) report earnings?
Tyler Technologies (TYL) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is Tyler Technologies (TYL) earnings time?
Tyler Technologies (TYL) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TYL EPS forecast?
TYL EPS forecast for the fiscal quarter 2026 (Q1) is 3.