TYL
TechnologyTyler Technologies, Inc. · Software - Application · $13B
What is Tyler Technologies, Inc.?
Tyler Technologies is a large-cap technology company focused exclusively on software and services for government and public-sector agencies across the United States. Founded in 1980 and headquartered in Plano, Texas, it serves thousands of local and state government clients.
Tyler Technologies builds and sells integrated software platforms that help government agencies manage finances, courts, public safety, property appraisal, tax collection, and citizen services. Revenue comes primarily from software subscriptions, maintenance contracts, and professional services. Its NIC segment extends digital government services to residents through state and local portals. The company operates on a software-as-a-service model that generates recurring revenue from long-term public-sector contracts.
Tyler Technologies was founded in 1980 and is headquartered in Plano, Texas.
- Financial management and fund accounting software for government agencies
- Court case management and judicial workflow systems
- Public safety and law enforcement software platforms
- Property appraisal, assessment, and tax billing solutions
- Digital government services and citizen-facing portal solutions via NIC
Is TYL a Good Stock to Buy?
UQS Score rates TYL as Below Average overall.
The Risk pillar stands out as TYL's clearest strength — the company's deep entrenchment in government contracts and recurring subscription revenue provide meaningful stability. Its Moat and Valuation pillars both register as Neutral, reflecting a defensible niche without a commanding competitive premium.
Both the Quality and Growth pillars are rated Weak, signaling that profitability metrics and near-term expansion trends fall short relative to sector peers — a meaningful drag on the composite score.
Pro members can view the full pillar breakdown and underlying financial metrics to understand exactly where TYL stands against the broader technology sector. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does TYL pay dividends?
No — Tyler Technologies, Inc. does not currently pay a dividend.
Tyler Technologies does not currently pay a dividend. As a software company serving the public sector, TYL has historically directed capital toward product development, acquisitions, and platform expansion rather than shareholder distributions. Investors seeking income from this position would need to look elsewhere, while growth-oriented holders may view the reinvestment approach as consistent with a long-term software strategy.
When does TYL report earnings?
Tyler Technologies reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Quarterly results for TYL typically reflect trends in subscription revenue growth, professional services activity, and the pace of client migrations to cloud-based platforms. Investors watch recurring revenue mix as a key indicator of business model maturity.
For the most recent quarter's results and guidance, visit Tyler Technologies' official investor relations page.
TYL Price History
-15.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Tyler Technologies, Inc.?
Based on Tyler Technologies, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
TYL Long-term Outlook
The UQS Growth pillar for TYL is rated Weak, suggesting the near-term expansion trajectory has not kept pace with higher-rated technology peers. The Strong Risk profile does provide a counterbalance — government contracts tend to be sticky and multi-year, which supports revenue visibility even when top-line growth slows. The Neutral Valuation label indicates the market is not pricing TYL at a significant premium or discount relative to fundamentals, leaving the forward picture dependent on whether management can reignite growth through cloud migrations and platform cross-selling.
Growth drivers
- Ongoing migration of legacy government clients to cloud-based SaaS platforms
- Cross-selling expanded modules across the existing large installed base
- Continued digitization of state and local government services via the NIC segment
Key risks
- Weak Quality pillar signals profitability metrics that lag sector peers
- Government budget cycles and procurement delays can compress revenue timing
- Competitive pressure from larger enterprise software vendors entering the public sector
TYL vs Peers
Tyler Technologies operates in a specialized corner of enterprise software, but it shares the broader government and public-sector technology landscape with several notable peers.
PTC focuses on industrial and manufacturing software — including product lifecycle management and IoT platforms — serving private-sector enterprises rather than government agencies.
Grab operates a Southeast Asian super-app spanning ride-hailing, food delivery, and financial services, representing a very different geographic and business-model profile.
SS&C delivers software and outsourcing services primarily to financial services firms, competing with TYL in the broader government and regulated-sector software space.
Frequently Asked Questions
What does Tyler Technologies do?
Tyler Technologies builds integrated software platforms exclusively for government and public-sector clients. Its products cover financial management, court systems, public safety, property appraisal, tax collection, and citizen-facing digital services. The company serves thousands of local and state government agencies across the United States.
Does TYL pay dividends?
Tyler Technologies does not pay a dividend. The company reinvests capital into product development, cloud platform expansion, and acquisitions rather than returning cash to shareholders through distributions. Investors seeking dividend income would need to consider other holdings.
When does TYL report earnings?
TYL reports on a standard quarterly schedule. The exact dates for upcoming quarters are published on Tyler Technologies' investor relations page, which is the most reliable source for confirmed reporting windows and guidance updates.
Is TYL a good stock to buy?
The UQS Score rates TYL as Below Average, driven by Weak Quality and Growth pillar ratings. The Strong Risk profile provides some stability through recurring government contracts, but the composite score reflects meaningful concerns. Pro members can access the full pillar breakdown to form a more complete view.
Is TYL overvalued?
The UQS Valuation pillar for TYL is rated Neutral, suggesting the stock is not trading at a dramatic premium or discount relative to its fundamentals. Whether that represents fair value or a concern depends on how investors weigh the Weak Growth and Quality readings against the stable Risk profile.
How does TYL compare to its competitors?
Tyler Technologies occupies a narrow niche — government-only software — that distinguishes it from broader enterprise peers like PTC and SS&C Technologies. That specialization supports contract stickiness but also limits addressable market. The UQS platform provides a structured pillar-by-pillar comparison for subscribers.
What is TYL's market cap bracket?
Tyler Technologies is classified as a large-cap company, reflecting its scale as the dominant dedicated software provider to the US public sector. Large-cap status generally implies greater liquidity and institutional coverage compared to mid- or small-cap peers.
Who founded Tyler Technologies?
Tyler Technologies traces its origins to 1980. Detailed founding history, including early leadership, is widely available through the company's official corporate history and public filings on its investor relations site.
Is TYL a long-term quality indicator?
From a UQS perspective, TYL's long-term quality profile is mixed. The Strong Risk pillar reflects durable government relationships and recurring revenue, but Weak Quality and Growth ratings suggest the business has not yet demonstrated the profitability and expansion trajectory associated with top-tier long-term compounders in the technology sector.
What is the main competitive advantage of Tyler Technologies?
Tyler's primary advantage is deep entrenchment in the public sector — government clients face high switching costs, long procurement cycles, and strong preference for proven vendors. This creates sticky, multi-year contracts. The UQS Moat pillar rates this advantage as Neutral, indicating it is real but not exceptional relative to the broader technology universe.
What sector does TYL belong to?
Tyler Technologies is classified in the Technology sector, specifically within the government and public-sector software niche. It is one of the few large-cap companies focused entirely on software solutions for state and local government agencies rather than commercial enterprises.
Is TYL a growth stock or value stock?
Based on UQS pillar labels, TYL does not fit cleanly into either category. The Growth pillar is rated Weak, which limits its credentials as a pure growth play, while the Neutral Valuation pillar suggests it is not priced as a deep-value opportunity either. It sits in an in-between position that the full UQS report explores in detail.
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Pro Analysis
TYL — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 50.6 | 35.3 | 47.0 | 40.0 | 81.2 | 65.7 | +1.2 |
| May 7, 2026 | 49.4 | 33.4 | 47.0 | 40.0 | 81.6 | 60.0 | +0.2 |
| May 4, 2026 | 49.2 | 33.4 | 47.0 | 40.0 | 81.6 | 58.9 | +0.1 |
| May 3, 2026 | 49.1 | 33.4 | 47.0 | 39.7 | 81.6 | 58.8 | +0.1 |
| May 2, 2026 | 49.0 | 33.4 | 47.0 | 39.7 | 81.6 | 58.1 | +0.1 |
| May 1, 2026 | 48.9 | 33.4 | 47.0 | 39.4 | 81.6 | 58.1 | 0.0 |
| Apr 19, 2026 | 48.9 | 33.4 | 47.0 | 39.3 | 81.6 | 58.0 | -0.3 |
| Apr 18, 2026 | 49.2 | 33.4 | 47.0 | 39.3 | 81.6 | 59.6 | -1.8 |
| Apr 14, 2026 | 51.0 | 33.4 | 47.0 | 39.3 | 81.6 | 71.8 | -0.1 |
| Apr 12, 2026 | 51.1 | 33.4 | 47.0 | 39.3 | 81.6 | 72.2 | +0.3 |
TYL — Pillar Breakdown
Quality
— 35.3/100 (25%)Tyler Technologies, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 40.0/100 (20%)Tyler Technologies, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 81.2/100 (15%)Tyler Technologies, Inc. carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 65.8/100 (15%)Tyler Technologies, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 47/100 (25%)Tyler Technologies, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for TYL.
Score Composition
Financial Data
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How is the TYL UQS Score Calculated?
The UQS (Unified Quality Score) for Tyler Technologies, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Tyler Technologies, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Tyler Technologies, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.