Tyler Technologies, Inc. (TYL) Income Statement
TYL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTYL revenue and net income
Where TYL's revenue goes
2025Each bar shows an amount and its share of revenue. TYL kept 13.5% of revenue as net income.
TYL profit margins
TYL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.1% | +8.0% | +15.9% | +14.7% |
| Gross profit | +17.3% | +12.4% | +14.6% | +14.2% |
| Operating income | +19.4% | +18.3% | +15.6% | +12.1% |
| Net income | +20.0% | +24.3% | +10.1% | +17.1% |
| EPS (diluted) | +18.3% | +14.6% | +15.4% | +16.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TYL quarterly EPS vs estimates
Tyler Technologies beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 28, 2026 (estimate $2.70).
TYL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.33B | $2.14B | $1.95B | $1.85B | $1.59B | $1.12B | $1.09B | $935.3M | $840.7M | $756.0M |
| Cost of revenue | $1.31B | $1.26B | $1.17B | $1.13B | $927.5M | $595.8M | $591.0M | $511.9M | $454.9M | $414.4M |
| Gross profit | $1.03B | $876.1M | $786.5M | $722.5M | $664.8M | $520.9M | $495.5M | $423.4M | $386.0M | $341.6M |
| Research & development | $204.6M | $117.9M | $109.6M | $105.2M | $93.5M | $88.4M | $81.3M | $63.3M | $47.3M | $43.2M |
| Sales, general & admin | $465.0M | $458.7M | $458.3M | $403.1M | $272.0M | $259.6M | $257.7M | $207.6M | $177.0M | $167.2M |
| Total operating expenses | $669.6M | $576.6M | $567.9M | $506.3M | $459.0M | $347.9M | $339.1M | $270.9M | $223.2M | $210.3M |
| Operating income | $357.7M | $299.5M | $218.5M | $216.2M | $205.8M | $172.9M | $156.4M | $152.5M | $162.8M | $131.3M |
| Interest income | $5.0M | $5.9M | $23.6M | $28.4M | $23.3M | — | — | — | — | — |
| Interest expense | $5.0M | $5.9M | $23.6M | $28.4M | $23.3M | $1.0M | $2.0M | $0 | $0 | $2.0M |
| Income before taxes | $390.3M | $308.2M | $198.2M | $187.6M | $159.0M | $175.0M | $159.8M | $155.9M | $161.6M | $129.3M |
| Income taxes | $74.7M | $45.1M | $32.3M | $23.4M | −$2.5M | −$19.8M | $13.3M | $8.4M | −$2.3M | $19.4M |
| Net income | $315.6M | $263.0M | $165.9M | $164.2M | $161.5M | $194.8M | $146.5M | $147.5M | $163.9M | $109.9M |
| EBITDA | $543.2M | $466.5M | $392.6M | $388.0M | $328.1M | $256.7M | $236.5M | $217.6M | $216.9M | $181.6M |
| EPS (diluted) | $11.30 | $9.55 | $7.80 | $7.50 | $7.02 | $5.52 | $5.30 | $4.80 | $3.93 | $3.52 |
| Gross margin | 44.0% | 41.0% | 40.3% | 39.0% | 41.8% | 46.6% | 45.6% | 45.3% | 45.9% | 45.2% |
| Operating margin | 15.3% | 14.0% | 11.2% | 11.7% | 12.9% | 15.5% | 14.4% | 16.3% | 19.4% | 17.4% |
| Net margin | 13.5% | 12.3% | 8.5% | 8.9% | 10.1% | 17.4% | 13.5% | 15.8% | 19.5% | 14.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $645.1M | $613.5M | $575.2M | $595.9M | $596.1M | $565.2M | $541.1M | $543.3M | $541.0M | $512.4M | $480.9M | $494.7M |
| Cost of revenue | $338.0M | $317.1M | $327.4M | $314.4M | $336.8M | $312.2M | $318.1M | $319.7M | $317.0M | $306.8M | $287.3M | $288.1M |
| Gross profit | $307.1M | $296.4M | $247.7M | $281.5M | $259.4M | $252.9M | $223.0M | $223.6M | $224.0M | $205.5M | $193.6M | $206.6M |
| Research & development | $62.8M | $59.7M | $54.1M | $51.8M | $50.8M | $47.8M | $29.4M | $30.1M | $29.0M | $29.4M | $26.2M | $28.3M |
| Sales, general & admin | $133.6M | $122.8M | $118.6M | $117.5M | $112.9M | $115.9M | $220.6M | $110.7M | $117.0M | $109.1M | $119.7M | $114.4M |
| Total operating expenses | $212.0M | $196.6M | $172.8M | $183.5M | $163.8M | $163.8M | $151.3M | $140.8M | $145.9M | $138.6M | $145.8M | $142.7M |
| Operating income | $95.1M | $99.8M | $75.0M | $97.9M | $95.6M | $89.2M | $71.7M | $82.8M | $78.0M | $67.0M | $47.7M | $63.9M |
| Interest income | — | — | $1.3M | $1.2M | $1.3M | $1.2M | $1.3M | $1.2M | — | — | — | $5.8M |
| Interest expense | $3.0M | $1.1M | $1.3M | $1.2M | $1.3M | $1.2M | $1.3M | $1.2M | $1.3M | $2.2M | $3.8M | $5.8M |
| Income before taxes | $120.6M | $106.4M | $85.0M | $107.6M | $102.5M | $95.3M | $76.8M | $86.1M | $78.7M | $66.6M | $44.6M | $58.9M |
| Income taxes | $27.1M | $25.2M | $19.4M | $23.2M | $17.9M | $14.2M | $11.5M | $10.2M | $10.9M | $12.5M | $5.7M | $11.9M |
| Net income | $93.5M | $81.2M | $65.5M | $84.4M | $84.6M | $81.1M | $65.2M | $75.9M | $67.7M | $54.2M | $38.9M | $47.0M |
| EBITDA | $163.0M | $133.4M | $123.0M | $146.1M | $140.7M | $133.4M | $114.4M | $124.3M | $116.4M | $108.9M | $92.7M | $108.9M |
| EPS (diluted) | $2.28 | $3.09 | $2.64 | $2.97 | $2.91 | $2.78 | $2.43 | $2.52 | $2.40 | $2.20 | $1.89 | $2.14 |
| Gross margin | 47.6% | 48.3% | 43.1% | 47.2% | 43.5% | 44.8% | 41.2% | 41.2% | 41.4% | 40.1% | 40.3% | 41.8% |
| Operating margin | 14.7% | 16.3% | 13.0% | 16.4% | 16.0% | 15.8% | 13.2% | 15.2% | 14.4% | 13.1% | 9.9% | 12.9% |
| Net margin | 14.5% | 13.2% | 11.4% | 14.2% | 14.2% | 14.3% | 12.1% | 14.0% | 12.5% | 10.6% | 8.1% | 9.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TYL's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TYL financial results
In fiscal year 2025 (ended December 31, 2025), Tyler Technologies reported revenue of $2.3 billion, up 9.1% from the year before. It had net income of $315.6 million (up 20.0%), a net profit margin of 13.5%. Diluted earnings per share came to $11.30. Over five years revenue grew at an average rate of 15.9% a year.
See the TYL stock overview for the latest quote and news, or the TYL chart for price history and technical indicators.
TYL income statement FAQ
What is Tyler Technologies's annual revenue?
Tyler Technologies reported total revenue of $2.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 9.1% from $2.1 billion the previous year.
Is Tyler Technologies profitable?
Yes. Tyler Technologies reported net income of $315.6 million in fiscal 2025, a net profit margin of 13.5%; its operating margin was 15.3%.
What is Tyler Technologies's gross margin?
Tyler Technologies's gross margin was 44.0% in fiscal 2025: for every $100 of revenue, Tyler Technologies kept $44 after the direct cost of its products and services.
How much does Tyler Technologies spend on research and development?
Tyler Technologies spent $204.6 million on research and development in fiscal 2025, 8.8% of revenue.
How fast is Tyler Technologies growing?
Revenue grew 15.9% a year on average over the last five fiscal years, from $1.1 billion to $2.3 billion.
What are Tyler Technologies's earnings per share?
Tyler Technologies earned $11.30 per diluted share in fiscal 2025, compared with $9.55 a year earlier.
When will Tyler Technologies report its next earnings?
Tyler Technologies is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 after the market closes.
When does Tyler Technologies's fiscal year end?
Tyler Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.