Tyler Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,332	2,138	1,952	1,850	1,592
Revenue Growth (YoY)	9.10%	9.53%	5.49%	16.20%	42.59%
Cost of Revenue	1,249	1,202	1,091	1,066	882.64
Gross Profit	1,084	935.76	861.1	783.86	709.64
Selling, General & Admin	464.3	458.67	458.35	403.07	390.58
Research & Development	204.59	117.94	109.59	105.18	93.48
Amortization of Goodwill & Intangibles	56.42	59.63	74.63	61.36	44.85
Operating Expenses	725.31	636.24	642.56	569.61	528.91
Operating Income	358.39	299.53	218.54	214.25	180.74
Interest Expense	-5	-5.93	-23.63	-28.38	-23.3
Interest & Investment Income	37.64	14.57	3.33	1.72	1.54
EBT Excluding Unusual Items	391.03	308.17	198.24	187.59	158.98
Merger & Restructuring Charges	-0.71	-	-	-	-
Pretax Income	390.32	308.17	198.24	187.59	158.98
Income Tax Expense	74.72	45.14	32.32	23.35	-2.48
Net Income	315.6	263.03	165.92	164.24	161.46
Net Income to Common	315.6	263.03	165.92	164.24	161.46
Net Income Growth	19.99%	58.53%	1.02%	1.72%	-17.13%
Shares Outstanding (Basic)	43	43	42	42	41
Shares Outstanding (Diluted)	44	43	43	42	42
Shares Change (YoY)	0.72%	1.70%	0.87%	0.37%	1.73%
EPS (Basic)	7.32	6.17	3.95	3.95	3.95
EPS (Diluted)	7.20	6.05	3.88	3.87	3.82
EPS Growth	19.01%	55.93%	0.26%	1.31%	-18.55%
Free Cash Flow	637.53	604.1	359.92	358.93	337.83
Free Cash Flow Per Share	14.55	13.89	8.41	8.46	8.00
Gross Margin	46.46%	43.77%	44.12%	42.37%	44.57%
Operating Margin	15.37%	14.01%	11.20%	11.58%	11.35%
Profit Margin	13.53%	12.30%	8.50%	8.88%	10.14%
Free Cash Flow Margin	27.33%	28.26%	18.44%	19.40%	21.22%
EBITDA	434.79	385.59	323	313.2	268.43
EBITDA Margin	18.64%	18.04%	16.55%	16.93%	16.86%
D&A For EBITDA	76.4	86.07	104.46	98.95	87.7
EBIT	358.39	299.53	218.54	214.25	180.74
EBIT Margin	15.37%	14.01%	11.20%	11.58%	11.35%
Effective Tax Rate	19.14%	14.65%	16.30%	12.45%	-
Revenue as Reported	2,332	2,138	1,952	1,850	1,592

Source: S&P Global Market Intelligence. Standard template. Financial Sources.