The strong beat and raised guidance confirm Tyler's momentum in public sector cloud adoption. The stock should rally on this report. Monitor For The Record integration and SaaS bookings growth next quarter for sustained trajectory.
Price Chart
Executive Summary
Tyler Technologies reported Q1 2026 non-GAAP EPS of $3.09, beating consensus of $2.37 by 30.4%, and total revenue of $613.5M (+8.6% YoY). SaaS revenue growth accelerated to 23.5%, free cash flow more than doubled to $102.8M, and FY2026 guidance for revenue and EPS was raised. The strong results confirm accelerating public sector cloud adoption and operational leverage.
Key Financial Metrics
Key Facts
- Non-GAAP EPS $3.09 vs consensus $2.37 (beat by 30.4%)
- Total revenue $613.5M (+8.6% YoY), recurring revenue $538.6M (+10.4%), SaaS revenue $222.4M (+23.5%)
- FY2026 guidance raised: revenue $2.535B-$2.575B, non-GAAP EPS $12.50-$12.75
- Free cash flow $102.8M (+112.9% YoY), operating cash flow $107.3M (+91.0%)
- Repaid $600M convertible debt in March, executed $250M in share repurchases
- Completed acquisition of For The Record for ~$223M in April
Financial Impact
Non-GAAP EPS beat consensus by $0.72 (30.4%), revenue beat implied estimate (midpoint of guided range), guidance raised, free cash flow doubled.
Risk Factors
- GAAP net income growth slowed to 0.2% due to higher tax provision and expenses
- Aggressive share repurchases reduce diluted share count but signal management confidence
- Integration risk from For The Record acquisition and potential deal-related costs
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000860731-26-000031 |
| Document: tyl-20260429.htm | 0000860731-26-000031 |
| Document: 0000860731-26-000031-index-headers.html | 0000860731-26-000031 |
| Document: 0000860731-26-000031-index.html | 0000860731-26-000031 |
| Document: 0000860731-26-000031.txt | 0000860731-26-000031 |
| 8-K Data (Synthetic) | 0000860731-26-000031 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 8-K | $353.13 $337.50 | ▼ −4.43% | ▼ −5.24% | $322.86 (−8.57%) |
Sep 1, 2026 4w ago | Insider Cluster | $376.43 $342.68 | ▼ −8.97% | ▼ −9.05% | $322.86 (−14.23%) |
Jun 12, 2026 16w ago | 8-K | $298.84 $278.91 | ▼ −6.67% | ▼ −7.34% | $322.86 (+8.04%) |
May 29, 2026 18w ago | 8-K | $312.69 $312.07 | ▼ −0.20% | ▲ +2.30% | $322.86 (+3.25%) |
May 14, 2026 20w ago | 8-K | $311.49 $313.43 | ▲ +0.62% | ▼ −0.34% | $322.86 (+3.65%) |
May 12, 2026 20w ago | 8-K | $309.70 $320.79 | ▲ +3.58% | ▲ +3.50% | $322.86 (+4.25%) |
May 11, 2026 20w ago | 8-K | $312.17 $319.00 | ▲ +2.19% | ▲ +2.27% | $322.86 (+3.42%) |
Apr 29, 2026 22w ago | 8-K | $340.00 $329.01 | ▼ −3.23% | ▼ −4.96% | $322.86 (−5.04%) |
Apr 20, 2026 23w ago | 8-K | $345.42 $337.19 | ▼ −2.38% | ▼ −3.29% | $322.86 (−6.53%) |
Mar 5, 2026 30w ago | Insider Cluster | $365.62 $345.31 | ▼ −5.55% | ▼ −3.32% | $322.86 (−11.70%) |
US Market Status
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