Tyler Technologies Q3 revenue rises on public sector demand
TYL•TYL•TYL•TYL•Tyler Technologies reported third-quarter revenue of $647.57 million, up 8.7% but slightly below the $651.64 million analyst estimate. Adjusted net income rose 10%, and the company forecast 2026 revenue of $2.535 billion to $2.565 billion.
Tyler Technologies said third-quarter revenue rose 8.7% to $647.57 million, slightly missing the $651.64 million consensus estimate. Adjusted net income increased 10% to $143.40 million, while net income was $95.07 million.
SaaS revenue rose 21.2%, with the company attributing strong SaaS bookings to ongoing public sector investment in digital modernization. Free cash flow reached a record $277 million, up 11.9%, supported by improved working capital performance. Tyler repurchased 1.1 million shares during the quarter and completed its acquisition of CODY Systems on July 30.
Tyler Technologies expects 2026 revenue of $2.535 billion to $2.565 billion, non-GAAP diluted EPS of $12.95 to $13.20, and a free cash flow margin of 26% to 28%.
