Tyler Technologies (TYL) Q2 FY2026 earnings: revenue $645 million, up 8.2% on the year

Tyler Technologies Inc. (TYL) reported revenue of $645 million for Q2 FY2026, the quarter ended 30 June 2026, up 8.2% on the same quarter a year earlier. Net income was $94 million, up 10.5% on the year, and diluted earnings per share $2.23. The figures are the company's own, from the 10-Q it filed with the SEC on 29 July 2026.

Revenue

$645 million

+8.2% on the year · +5.1% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

14.7%

16.0% a year earlier

Q3 FY2024Q2 FY2026

Net income

$94 million

+10.5% on the year · +15.2% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$2.23

+15.5% on the year · +18.6% on the quarter

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 raised, 5 kept.

Total revenue rose 8.2%: Total revenues were $645.1 million, up 8.2%, from $596.1 million in the second quarter of 2025.
SaaS revenue grew 21.7%: SaaS revenues rose 21.7% to $230.6 million; first-quarter SaaS growth was 23.5% in the prior release.
Free cash flow up 34.7%: Free cash flow was $118.5 million, up 34.7%, with a margin of 18.4% against 14.8% a year earlier.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	645	614	596	+5.1%	+8.2%
Cost of revenue	338	317	323	+6.6%	+4.7%
Gross profit	307	296	273	+3.6%	+12.4%
Gross margin	47.6%	48.3%	45.8%
Operating income	95.1	99.8	95.6	-4.7%	-0.5%
Operating margin	14.7%	16.3%	16.0%
Interest expense	3.0	1.1	1.3	+179.0%	+135.7%
Pre-tax income	121	106	103	+13.4%	+17.7%
Income tax	27.1	25.2	17.9	+7.4%	+51.6%
Effective tax rate	22.5%	23.7%	17.4%
Net income	93.5	81.2	84.6	+15.2%	+10.5%
Net margin	14.5%	13.2%	14.2%
Diluted EPS	$2.23	$1.88	$1.93	+18.6%	+15.5%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	124	107	98.3	+16.0%	+26.5%
Capital expenditure	5.1	3.2	5.5	+56.0%	-7.9%
Free cash flow	119	104	92.8	+14.7%	+28.6%
Free cash flow margin	18.5%	17.0%	15.6%
Cash from investing	-258	56.0	-12.8
Cash from financing	713	-863	-3.8
Depreciation and amortisation	35.8	38.9	34.3	-8.1%	+4.3%
Share-based compensation	43.7	37.2	38.3	+17.5%	+14.0%
Buybacks	505	250	1.6	+101.9%	+31,360.6%
Diluted shares, weighted	42m	43m	44m	-3.0%	-4.7%
Shares outstanding at period end	48m	48m	48m	0.0%	0.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	3,037	3,558	3,635	-14.6%	-16.4%
Debt	1,409	0.0	599		+135.3%
Operating lease liabilities	35.1	37.4	33.9	-6.0%	+3.5%
Other liabilities	1,333	1,203	1,158	+10.8%	+15.0%
Total liabilities and equity	5,814	4,799	5,426	+21.2%	+7.1%
Fixed assets	159	159	161	+0.4%	-1.1%
Goodwill	2,755	2,592	2,542	+6.3%	+8.4%
Intangible assets	n/a	756	794
Investments	120	81.8	108	+46.6%	+11.1%
Cash and equivalents	895	316	787	+183.3%	+13.7%
Receivables	725	573	714	+26.5%	+1.5%
Other assets	1,159	322	319	+260.5%	+263.4%
Total assets	5,814	4,799	5,426	+21.2%	+7.1%

Questions

What was Tyler Technologies' revenue in Q2 FY2026?

Tyler Technologies (TYL) reported revenue of $645 million for Q2 FY2026, the quarter ended 30 June 2026, up 8.2% on the same quarter a year earlier.

How much did Tyler Technologies earn in Q2 FY2026?

Net income for Q2 FY2026 was $94 million, up 10.5% on the year, and diluted earnings per share $2.23.

When did Tyler Technologies report Q2 FY2026 results?

Tyler Technologies filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 29 July 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	434	456	469	473	452	472	504	495	481	512	541	543	541	565	596	596	575	614	645	648
Cost of revenue	246	264	275	269	259	272	281	270	268	289	303	306	304	298	323	314	313	317	338	329
Gross profit	187	192	193	205	193	200	223	225	213	224	238	237	237	267	273	281	262	296	307	318
Gross margin	43%	42%	41%	43%	43%	42%	44%	46%	44%	44%	44%	44%	44%	47%	46%	47%	46%	48%	48%	49%
SG&A	101	97.9	99.7	104	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Operating income	48.1	55.9	56.8	60.9	40.7	45.0	61.9	63.9	47.7	67.0	78.0	82.8	71.7	89.2	95.6	97.9	75.0	99.8	95.1	117
Operating margin	11%	12%	12%	13%	9%	10%	12%	13%	10%	13%	14%	15%	13%	16%	16%	16%	13%	16%	15%	18%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	6.4	5.8	n/a	2.2	1.3	1.2	1.3	1.2	1.3	1.2	1.3	1.1	3.0	3.8
Pre-tax income	43.4	51.4	50.8	51.8	33.6	38.5	56.1	58.9	44.6	66.6	78.7	86.1	76.8	95.3	103	108	85.0	106	121	121
Tax rate	-26%	22%	21%	-3%	8%	20%	12%	20%	13%	19%	14%	12%	15%	15%	17%	22%	23%	24%	22%	22%
Net income	54.8	40.0	39.9	53.2	31.1	30.9	49.1	47.0	38.9	54.2	67.7	75.9	65.2	81.1	84.6	84.4	65.5	81.2	93.5	95.1
Net margin	13%	9%	9%	11%	7%	7%	10%	10%	8%	11%	13%	14%	12%	14%	14%	14%	11%	13%	14%	15%
Diluted EPS	$1.29	$0.94	$0.94	$1.26	$0.73	$0.73	$1.15	$1.10	$0.91	$1.26	$1.57	$1.74	$1.49	$1.84	$1.93	$1.93	$1.50	$1.88	$2.23	$2.33
Operating cash flow	115	53.5	76.7	129	122	74.7	-19.2	177	147	71.8	64.3	264	225	56.2	98.3	255	244	107	124	282
Capital expenditure	13.1	4.6	8.2	4.7	5.1	2.0	4.3	6.1	8.0	7.3	6.6	2.9	3.8	2.3	5.5	3.9	4.3	3.2	5.1	4.4
Free cash flow	102	49.0	68.5	125	117	72.7	-23.5	171	139	64.6	57.7	261	221	53.8	92.8	251	240	104	119	278
Buybacks	0.0	n/a	n/a	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	n/a	0.0	1.6	173	0.0	250	505	369
Shares outstanding	48m	48m	48m	48m	48m	48m	48m	48m	48m	48m	48m	48m	48m	48m	48m	48m	48m	48m	48m	48m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 29 July 2026: the filing.