Tyler Technologies (TYL)
NYSE:TYL
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.19Last Year’s EPS
3.01Same Quarter Last Year
Strong Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operational and financial tone: record revenues and recurring revenues, free cash flow more than doubling, improving operating margins from the cloud transition, a strategic acquisition (FTR) adding ~ $30M of revenue and expanding TAM, steady bookings and transaction wins, and measured progress on AI and cross-sell initiatives. The lowlights were largely timing, accounting/geography shifts (R&D capitalization), and recognition that AI and full SaaS financial benefits will ramp more slowly given public sector adoption patterns and flip cadence uncertainty. Overall the positives (record metrics, cash generation, strategic M&A, cloud momentum, and buybacks) materially outweigh the execution and timing caveats.Company Guidance
Record Revenues and Recurring Revenue Growth
Total revenues and recurring revenues reached new record highs in Q1 2026; company emphasized better-than-expected recurring revenue growth and durable public sector demand.
Free Cash Flow More Than Doubled
Free cash flow more than doubled versus last year's Q1 (>100% YoY increase), driven primarily by working capital improvements (AR collections timing), slightly lower CapEx, and improved operating margins.
Cloud Transition Momentum and SaaS Flip Growth
Strong cloud momentum with confidence in customer 'flips' to cloud; ACV growth on flips was ~10% year-over-year in Q1. Company expects flip dollar volume to be higher in 2026 and remains on track for long-term 2030 targets (aiming for ~80%+ of on-prem customers moved to cloud by 2030).
Operating Margin Improvement from Cloud Model
Operating margins continued to improve, benefiting from the cloud delivery model and single code-stream/continuous delivery initiatives that should drive future gross margin leverage.
Strong Bookings and Transaction Wins
Quarter had a strong bookings cadence (good volume quarter without any single mega-deal). Notable transaction-based statewide digital motor vehicle titling win expected to generate >$20 million/year in transaction revenues at full ramp (revenues to start next year).
For The Record (FTR) Acquisition Adds Revenue and TAM Expansion
Completed acquisition of FTR earlier in April; FTR adds roughly $30 million of revenues to the 2026 guide and a modest EPS contribution. Management estimates FTR overlap SAM at ~$200M (expanding to ~$500M with broader offerings) and upside TAM potentially north of $1B–$1.5B; ~45% of U.S. courtrooms already use FTR.
SaaS Revenue Guide Upward Revision
SaaS/maintenance guide was increased modestly, with ~70% of FTR revenues being software (SaaS + maintenance) and the remainder hardware; maintenance midpoint was raised by about two percentage points, largely driven by FTR inclusion.
AI Product Progress and Early Commercial Wins
Company showcased Tyler Foundry/agentic capabilities and plans ~40–50 initial agentic use cases; early AI-enabled product traction seen in document automation deals (examples: Miami‑Dade ~ $0.8M; Harris County ~ ~$1M) and positive client feedback on trust and ROI.
Share Repurchase and Balance Sheet Actions
Executed opportunistic share repurchases totaling ~2.5% of shares year-to-date at an average price of ~$315; approximately $650 million remains available under repurchase authorization. Convertible debt was repaid at maturity.
Balanced R&D Investment Across Portfolio and AI
R&D spending is being reallocated (some development costs moved from COGS to R&D) with balanced investments across core product competitiveness, implementation tooling, and growing AI initiatives—enabling increased developer capacity and future feature delivery.
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 |
|---|---|---|---|
Apr 29, 2026 | $356.01 | $341.14 | -4.18% |
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% |
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 Jul 29, 2026, After Close (Confirmed).
What is Tyler Technologies (TYL) earnings time?
Tyler Technologies (TYL) earnings time is at Jul 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 (Q2) is 3.19.