Tyler Technologies Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,298	2,138	1,952	1,850	1,592	1,117
Revenue Growth (YoY)	10.62%	9.53%	5.49%	16.20%	42.59%	2.78%
Cost of Revenue	1,240	1,202	1,091	1,066	882.64	574.15
Gross Profit	1,059	935.76	861.1	783.86	709.64	542.51
Selling, General & Admin	439.25	429.67	458.35	403.07	390.58	259.56
Research & Development	179.91	117.94	109.59	105.18	93.48	88.36
Amortization of Goodwill & Intangibles	55.99	59.63	74.63	61.36	44.85	21.66
Operating Expenses	675.15	607.24	642.56	569.61	528.91	369.59
Operating Income	383.39	328.53	218.54	214.25	180.74	172.93
Interest Expense	-5	-5.93	-23.63	-28.38	-23.3	-1.01
Interest & Investment Income	32.74	14.57	3.33	1.72	1.54	3.13
EBT Excluding Unusual Items	411.12	337.17	198.24	187.59	158.98	175.04
Merger & Restructuring Charges	-29	-29	-	-	-	-
Pretax Income	382.12	308.17	198.24	187.59	158.98	175.04
Income Tax Expense	66.83	45.14	32.32	23.35	-2.48	-19.78
Net Income	315.29	263.03	165.92	164.24	161.46	194.82
Net Income to Common	315.29	263.03	165.92	164.24	161.46	194.82
Net Income Growth	33.20%	58.53%	1.02%	1.72%	-17.13%	32.96%
Shares Outstanding (Basic)	43	43	42	42	41	40
Shares Outstanding (Diluted)	44	43	43	42	42	42
Shares Change (YoY)	1.28%	1.70%	0.87%	0.37%	1.73%	3.54%
EPS (Basic)	7.34	6.17	3.95	3.95	3.95	4.87
EPS (Diluted)	7.19	6.05	3.88	3.87	3.82	4.69
EPS Growth	31.32%	55.93%	0.26%	1.31%	-18.55%	28.49%
Free Cash Flow	618.94	604.1	359.92	358.93	337.83	332.4
Free Cash Flow Per Share	14.12	13.89	8.41	8.46	8.00	8.01
Gross Margin	46.06%	43.77%	44.12%	42.37%	44.57%	48.58%
Operating Margin	16.68%	15.37%	11.20%	11.58%	11.35%	15.49%
Profit Margin	13.72%	12.30%	8.50%	8.88%	10.14%	17.45%
Free Cash Flow Margin	26.93%	28.26%	18.44%	19.40%	21.22%	29.77%
EBITDA	461.08	414.59	323	313.2	268.43	221.42
EBITDA Margin	20.06%	19.39%	16.55%	16.93%	16.86%	19.83%
D&A For EBITDA	77.69	86.07	104.46	98.95	87.7	48.5
EBIT	383.39	328.53	218.54	214.25	180.74	172.93
EBIT Margin	16.68%	15.37%	11.20%	11.58%	11.35%	15.49%
Effective Tax Rate	17.49%	14.65%	16.30%	12.45%	-	-
Revenue as Reported	2,298	2,138	1,952	1,850	1,592	1,117

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