Tyler Technologies, Inc. (TYL)

Tyler Technologies Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,246	2,138	1,952	1,850	1,592	1,117
Revenue Growth (YoY)	10.69%	9.53%	5.49%	16.20%	42.59%	2.78%
Cost of Revenue	1,231	1,202	1,091	1,066	882.64	574.15
Gross Profit	1,015	935.76	861.1	783.86	709.64	542.51
Selling, General & Admin	432.39	429.67	458.35	403.07	390.58	259.56
Research & Development	158.24	117.94	109.59	105.18	93.48	88.36
Operating Expenses	646.26	607.24	642.56	569.61	528.91	369.59
Operating Income	368.28	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	26.39	14.57	3.33	1.72	1.54	3.13
EBT Excluding Unusual Items	389.67	337.17	198.24	187.59	158.98	175.04
Merger & Restructuring Charges	-29	-29	-	-	-	-
Pretax Income	360.67	308.17	198.24	187.59	158.98	175.04
Income Tax Expense	53.87	45.14	32.32	23.35	-2.48	-19.78
Net Income	306.8	263.03	165.92	164.24	161.46	194.82
Net Income to Common	306.8	263.03	165.92	164.24	161.46	194.82
Net Income Growth	47.63%	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)	1.87%	1.70%	0.87%	0.37%	1.73%	3.54%
EPS (Basic)	7.15	6.17	3.95	3.95	3.95	4.87
EPS (Diluted)	6.99	6.05	3.88	3.87	3.82	4.69
EPS Growth	44.59%	55.93%	0.26%	1.31%	-18.55%	28.49%
Free Cash Flow	628.45	604.1	359.92	358.93	337.83	332.4
Free Cash Flow Per Share	14.33	13.89	8.41	8.46	8.00	8.01
Gross Margin	45.18%	43.77%	44.12%	42.37%	44.57%	48.58%
Operating Margin	16.40%	15.37%	11.20%	11.58%	11.35%	15.49%
Profit Margin	13.66%	12.30%	8.50%	8.88%	10.14%	17.45%
Free Cash Flow Margin	27.98%	28.26%	18.44%	19.40%	21.22%	29.77%
EBITDA	446.88	414.59	323	313.2	268.43	221.42
EBITDA Margin	19.90%	19.39%	16.55%	16.93%	16.86%	19.83%
D&A For EBITDA	78.6	86.07	104.46	98.95	87.7	48.5
EBIT	368.28	328.53	218.54	214.25	180.74	172.93
EBIT Margin	16.40%	15.37%	11.20%	11.58%	11.35%	15.49%
Effective Tax Rate	14.94%	14.65%	16.30%	12.45%	-	-
Revenue as Reported	2,246	2,138	1,952	1,850	1,592	1,117

Updated Jul 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q