Tyler Technologies, Inc. (TYL) Stock

Tyler Technologies, Inc. (TYL) is a Technology stock trading at $297.22 (as of 2026-07-24), with a market capitalization of $12.53B and a trailing P/E of 39.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Tyler Technologies, Inc. provides information management software and services for the public sector, supporting financial management, utility billing, and applications for local government functions. Its offerings also include solutions for K–12 student information and transportation, judicial and public safety systems, and appraisal and tax technology, serving government agencies, schools, and other public-sector organizations.

Understand Tyler Technologies, Inc.: how it makes money

Tyler Technologies provides integrated information management solutions and services for the public sector, and it makes money primarily through software subscriptions and maintenance, plus smaller transaction-based revenues tied to its government workflows.

Because recurring revenue makes up most of sales (Recurring Revenue Mix, 85%), Tyler's profit model depends largely on sustaining and renewing software subscriptions and maintenance revenue, with transactions and other items playing a smaller role.

Business quality (Mixed): The company shows a recurring-revenue profile, with most revenue tied to subscriptions and maintenance, which supports steadier earnings power than a purely transactional model, but the remaining transaction and services components can still introduce variability in results.

Valuation: Trades at 43× trailing earnings · $13B market cap.

Bull case

  • Recurring revenue is a dominant part of the business (Recurring Revenue Mix, 85%): A larger recurring base can make revenue and profitability less dependent on one-off activity.
  • Software as a Service is a meaningful component of reported revenue (Software as a Service Revenue, 0.2B): This supports a model where customers pay ongoing subscription-style revenue rather than only upfront or project-based work.

Bear case

  • Transaction revenue is still a substantial minority of revenue (Transaction Revenue, 0.21B): If transaction volumes or customer usage change, results could be affected even when recurring revenue remains intact.
  • Growth in SaaS likely relies on new contract wins (New Software as a Service Contract Value, 0.11B): If new contract value softens, it could limit the forward trajectory of recurring SaaS revenue.
Valuation — source: SEC EDGAR (first-party)
Price$297.22
Market Cap$12.53B
P/E Ratio39.7
EV / EBITDA23.9
Price / Book3.52
Price / Sales5.26
FCF Yield5.5%
DCF Value (model)$91.87
DCF Upside vs Price-69.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.33B
Net Margin13.5%
Revenue Growth (YoY)8.6%
EPS Growth (YoY)1.1%
FCF Growth (YoY)93.3%
Financial Health — source: SEC EDGAR
Altman Z-Score5.14 (safe)
Piotroski F-Score8/9 (strong)
Valuation vs Sector & Industry
Stock P/E39.7
Sector P/E (Technology)34.6
Industry P/E (Business Services)29.7
vs Sector14.8%
vs Industry33.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($2.63B)
Institutional Holders Tracked10
Congressional Trades (recent)7
Company
SectorTechnology
IndustryBusiness Services
CEOH. Lynn Moore Jr.
Employees7,462
CountryUS
IPO Date1980-03-17

Related Companies (Business model: SaaS / Subscription Software (Enterprise); 8 closest by market cap; US-domiciled)

  • Rubrik, Inc. (RBRK)
  • Nutanix, Inc. (NTNX)
  • PTC Inc. (PTC)
  • Unity Software Inc. (U)
  • Dynatrace, Inc. (DT)
  • Guidewire Software, Inc. (GWRE)
  • Figma, Inc. (FIG)
  • HubSpot, Inc. (HUBS)
TYL earnings history · TYL institutional & insider holders · TYL KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.