Tyler Technologies provides integrated software for the public sector, including local governments, schools, and courts. It sells software licenses or subscriptions and offers ongoing support, maintenance, and professional services like implementation and training. Its core products cover data management, transportation management, court and justice solutions, public safety software, and property tax management, all designed to streamline processes and turn data into actionable insights. The company differentiates itself by offering a broad, end-to-end suite tailored specifically for public-sector needs, strong focus on secure and user-friendly technology, and a service-oriented model that pairs software with implementation and training. Its goal is to help clients improve financial, operational, and strategic outcomes by enhancing workflows and decision-making across multiple government functions.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Plano, Texas
Founded
1966
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The South Carolina Department of Motor Vehicles will implement electronic titling services through Tyler Technologies, expanding a partnership spanning over 21 years. The digital solution, delivered through the state's existing Digital Government Services contract, will replace paper-based processes with a streamlined electronic workflow. Vehicle titles will be processed in as little as 24 hours whilst improving collaboration among SCDMV, dealers and lenders. The system aims to increase accuracy and operational efficiency by enabling a fully paperless process at the DMV. Tyler Technologies, headquartered in Plano, Texas, provides technology solutions exclusively for the public sector. The company serves over 16,000 client locations across all 50 US states and several international markets.
Tyler Technologies CEO H. Lynn Moore Jr. sold 9,250 shares of common stock worth $3.4 million on 28 August 2026, according to an SEC filing. The transaction involved exercising stock options at $205.66 and selling at a weighted average price of $372.79. Moore retains 100,391 shares valued at $37.36 million, representing a 0.25% ownership stake, plus 60,000 derivative securities. The sale represents a routine liquidity event rather than a significant divestment. Tyler Technologies, which provides software solutions to government agencies, reported 8% sales growth and 35% free cash flow growth in its most recent quarter. The company trades at 28 times free cash flow and has authorised a $1.5 billion share buyback programme against its $15.2 billion market capitalisation.
Tyler Technologies has raised its 2030 financial targets following a successful cloud transition, according to Andvari Associates' second-quarter 2026 investor letter. The software provider for state and local government has shifted more than 95% of new-client total contract value to SaaS, migrated approximately 5,000 hosted customers onto AWS, and exited its final private data centre on schedule. Since its 2023 investor day, Tyler has met or exceeded its 2025 interim targets. The company's remaining on-premise maintenance base represents a significant conversion opportunity, with each maintenance-to-SaaS transition expected to increase recurring revenue by roughly 1.7 times before additional cross-selling. On 28 August 2026, Tyler Technologies closed at $377.94 per share with a market capitalisation of $15.48 billion.
Tyler Technologies reported second-quarter 2026 non-GAAP earnings of $3.08 per share, beating the Zacks Consensus Estimate of $3.06. Revenues increased 8.2% year-over-year to $645.1 million, slightly missing expectations. The company's shares have risen 14.4% since the last earnings report. Annualised recurring revenue reached $2.24 billion, up 8.2% year-over-year. SaaS revenues grew 21.7% year-over-year to $230.6 million, marking 22 consecutive quarters of at least 20% growth. Recurring revenues increased to $559.5 million, representing 86.7% of total revenues. Tyler Technologies secured notable wins during the quarter, including a statewide Electronic Vehicle Registration implementation expected to generate over $10 million annually when fully adopted.
Tyler Technologies has underperformed the broader market, with shares falling 34.1% over the past year whilst the S&P 500 Index rallied 19.3%. The Plano, Texas-based software company, which provides integrated information management solutions to government offices, has a market capitalisation of $15.1 billion. The decline stems from valuation re-rating and slowing revenue growth rather than operational issues. Quarterly revenue growth settled into high single digits, making the company's premium valuation difficult to sustain despite strong recurring subscription revenue. In its Q2 results reported on 29 July, Tyler Technologies posted adjusted earnings per share of $3.08, beating expectations of $3.06. However, revenue of $645.1 million missed forecasts of $647 million. For the full year, the company expects adjusted EPS between $12.95 and $13.20.