Tyler Technologies Q1 revenue rises 8.6% on SaaS growth

Tyler Technologies

29/04/2026 21:42

Overview

US public sector software firm's Q1 revenue rose 8.6%, slightly beating analyst expectations

Adjusted net income for Q1 beat consensus, rising 9.3% yr/yr

Company repurchased $250 mln in shares and acquired For The Record for $223 mln

Outlook

Tyler Technologies sees 2026 total revenues between $2.535 bln and $2.575 bln

Company expects 2026 non-GAAP diluted EPS of $12.50 to $12.75

Tyler expects 2026 free cash flow margin of 26% to 28%

Result Drivers

SAAS GROWTH - SaaS revenues rose 23.5%, marking the 21st consecutive quarter of 20% or greater SaaS growth, per CEO Lynn Moore

REVENUE MIX AND COST MANAGEMENT - Margin expansion was driven by improved revenue mix, cloud efficiency gains, and disciplined expense management, according to CFO Brian Miller

PUBLIC SECTOR DEMAND - Strong bookings growth reflected a healthy public sector demand environment, per CEO Lynn Moore

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$613.50 mln
$609.12 mln (21 Analysts)
Q1 Adjusted Net Income
Beat
$133.40 mln
$128.53 mln (19 Analysts)
Q1 Net Income
$81.18 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Tyler Technologies Inc is $425.00, about 24.8% above its April 28 closing price of $340.46

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 36 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)