What is the 13F Pro Quality Score for TYL?

13F Pro ranks TYLER TECHNOLOGIES INC (TYL) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View TYL's current score at https://13fpro.ai/research/TYL (free sign-up required for the full ranking).

Where does 13F Pro source TYL data?

All TYLER TECHNOLOGIES INC fundamentals and ownership data come directly from SEC EDGAR. TYLER TECHNOLOGIES INC files with the SEC under CIK 860731. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is TYL in?

TYLER TECHNOLOGIES INC (TYL) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives TYL's revenue?

Per TYLER TECHNOLOGIES INC's latest 10-Q filed with the SEC on 2026-04-29, the biggest revenue drivers are: Subscriptions ($429.7M, +15% YoY); Maintenance ($108.9M, -3% YoY); Professional services ($60.8M, -5% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/TYL.

What are TYL's largest expenses?

TYLER TECHNOLOGIES INC's latest 10-Q reports these as the largest expense items: Cost of revenues ($317.1M, +6% YoY); Research and development ($59.7M, +25% YoY); General and administrative ($84.0M, +6% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is TYL research updated on 13F Pro?

TYL's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

TYLER TECHNOLOGIES INC(TYL)Stock Analysis

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13F Pro Quality Score

69.3/100

Rank #372 of 2,879 stocksTOP 25%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

63.8/100

Profitability

78.8/100

Balance Sheet

74.4/100

Earnings Quality

79.4/100

Free Cash Flow

79.2/100

Institutional Flow

56.6/100

Revenue Scale

65.3/100

Dilution Risk

22.2/100

TYL Stock Analysis & AI Quality Score

AI stock analysis and institutional research for TYLER TECHNOLOGIES INC (TYL), a Technology sector company. 13F Pro's AI-powered ranking engine scores TYL at 69.3/100 on a 32-signal composite quality model, placing it at rank #372 of 2,879 stocks — the top 25% of the AI-ranked universe. TYL scores in the top quartile across earnings quality (79.4), free cash flow (79.2), profitability (78.8). Shareholder dilution risk is elevated at 22.2/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), TYLER TECHNOLOGIES INC reports quarterly revenue of $613.5M, net income of $81.2M, an operating margin of 16.3%. Top institutional holders of TYL by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. TYL trades on the NYSE exchange and files with the SEC under CIK 860731. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate TYL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for TYLER TECHNOLOGIES INC directly from SEC EDGAR. TYLER TECHNOLOGIES INC's 13F Pro composite quality score has ranged between 8 and 76 since 2021, currently 69.3 — a stable long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about TYLER TECHNOLOGIES INC

Quirks, history, and lore behind TYL — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. software company · mid-cap · listed on the NYSE · headquartered in Texas.
2
The Numbers
Annual revenue in the neighborhood of $2 billion, with a client base measured in thousands of government entities across the country.
3
The History
Founded in the 1930s as a general business services company, it eventually pivoted hard into software and hasn't looked back — now a pure-play public sector tech firm.
4
The Secret
Its customers are almost exclusively local and state governments — think courthouses, tax offices, and school districts — making it essentially recession-resistant by design.
5
The Lore
It's become one of the largest players in civic technology by quietly acquiring dozens of smaller government software vendors, stitching together a near-monopoly on municipal back-office systems.
6
The Giveaway
If your county collects property taxes online, manages court records digitally, or lets you pay a parking ticket on the web, there's a solid chance this Plano, Texas company built the software.

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What's Driving TYL's Business? Latest 10-Q Breakdown

✓ 37/37 datapoints verified

AI-extracted from TYLER TECHNOLOGIES INC's 10-Q filed 2026-04-29 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Tyler Technologies Q1 2026 revenue grew 9% to $613.5M, driven by 15% subscription growth as SaaS arrangements accelerate; net income rose to $81.2M with 23% SaaS fee growth.

Biggest Revenue Drivers

Total revenue: $613.5M+9% YoY

Subscriptions$429.7M+15% YoY

Ongoing shift toward SaaS arrangements for both new and existing clients, plus growth in transaction-based revenues and annual price increases.

Maintenance$108.9M-3% YoY

Impact of 478 clients converting from on-premises licenses to SaaS, partially offset by maintenance price increases.

Professional services$60.8M-5% YoY

Intentional reduction in custom development and efficiencies in professional services delivery.

Other$14.1M+6% YoY

Increase in computer hardware revenue, offset by decline from ongoing shift toward SaaS offerings.

Largest Expense Items

Cost of revenues$317.1M+6% YoY

$17.1M increase in merchant fees and third-party fees from higher activity, $5.9M increase in hosting costs for SaaS expansion, $2.0M increase in personnel.

Research and development$59.7M+25% YoY

Redeployment of resources from professional services due to SaaS migration, plus new investments in Tyler product development initiatives.

General and administrative$84.0M+6% YoY

$4.7M write-off of previously capitalized software projects, offset by improved leverage as percentage of revenue.

Sales and marketing$38.8M+6% YoY

Increase in commission expense and higher personnel costs.

Margins: Overall gross margin expanded 100 basis points to 48.3% YoY, primarily attributed to higher-margin SaaS revenue mix shift, partially offset by increases in merchant fees, hosting costs, and software development amortization. Operating income margin improved to 16.3% from 15.8%.

Watch Items from the Filing

Platform Technologies segment operating income declined 41% YoY to $17.7M, driven by $12.3M revenue decline from wind-down of state payment processing contract and $4.7M software write-off.
Company repaid $600M Convertible Senior Notes in March 2026 with no conversions; stock price did not exceed $493.44 conversion price, indicating valuation pressure.
Research & development expense surged 25% to $59.7M, signaling elevated product investment; company plans 2026 capex of $18-20M including $6M software development.
Deferred revenue declined to $730.8M from $801.8M at year-end 2025; company expects to recognize 97% within next 12 months, indicating strong near-term revenue visibility.
Announced $223M acquisition (closed April 14, 2026) of remaining equity stake in private company; $653.4M remaining on $1B share repurchase authorization as of April 29, 2026.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$613.5M

Net Income

Q1 2026

$81.2M

Free Cash Flow

Q1 2026

$104.0M

Operating Margin

Q1 2026

16.3%

ROIC

Q1 2026

2.8%

D/E Ratio

Q1 2026

0.00

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+9.5% YoY

$2.14BFY 2024

FY20 $1.12BFY21 $1.59BFY23 $1.95BFY24 $2.14B

Net Income

+58.5% YoY

$263.0MFY 2024

FY20 $194.8MFY21 $161.5MFY23 $165.9MFY24 $263.0M

Operating Income

+37.1% YoY

$299.5MFY 2024

FY20 $172.9MFY21 $180.7MFY23 $218.5MFY24 $299.5M

EPS (Diluted)

+55.9% YoY

$6.05FY 2024

FY20 $4.69FY21 $3.82FY23 $3.88FY24 $6.05

Total Assets

+10.8% YoY

$5.18BFY 2024

FY20 $2.61BFY21 $4.73BFY23 $4.68BFY24 $5.18B

Total Debt

-14.1% YoY

$597.9MFY 2024

FY20 —FY21 $1.37BFY23 $695.8MFY24 $597.9M

Op. Cash Flow

+64.2% YoY

$624.6MFY 2024

FY20 $355.1MFY21 $371.8MFY23 $380.4MFY24 $624.6M

Metric	FY 2024	FY 2023	FY 2021	FY 2020	FY 2019	FY 2018
Revenue	$2.14B +9.5%	$1.95B +22.6%	$1.59B +42.6%	$1.12B +2.8%	$1.09B +16.2%	$935.3M
Net Income	$263.0M +58.5%	$165.9M +2.8%	$161.5M -17.1%	$194.8M +33.0%	$146.5M -0.6%	$147.5M
Operating Income	$299.5M +37.1%	$218.5M +20.9%	$180.7M +4.5%	$172.9M +10.6%	$156.4M +2.5%	$152.5M
EPS (Diluted)	$6.05 +55.9%	$3.88 +1.6%	$3.82 -18.6%	$4.69 +28.5%	$3.65 -0.8%	$3.68
Total Assets	$5.18B +10.8%	$4.68B -1.2%	$4.73B +81.5%	$2.61B +19.0%	$2.19B +22.4%	$1.79B
Total Debt	$597.9M -14.1%	$695.8M -49.3%	$1.37B	—	—	—
Operating Cash Flow	$624.6M +64.2%	$380.4M +2.3%	$371.8M +4.7%	$355.1M +39.4%	$254.7M +1.8%	$250.2M

AI Insight: TYL Financial Trends

Tyler Technologies cleared its $600M debt load in Q1 2026 while posting record operating income of $100M — a notable simultaneous deleveraging and margin inflection.

• Revenue grew from $541M in Q2 2024 to $614M in Q1 2026, a ~13% rise over six quarters.

• Operating income expanded from $78M in Q2 2024 to $100M in Q1 2026, with operating margin improving meaningfully.

• Total debt dropped from $598M–$600M across Q2 2024–Q4 2025 to $0M in Q1 2026, eliminating all reported leverage.

• Net income in Q4 2025 dipped to $66M — the lowest since Q2 2024 — before recovering to $81M in Q1 2026.

⚠ Equity declined from $3,703M in Q4 2025 to $3,558M in Q1 2026 — possibly reflecting debt payoff funding or buybacks; warrants monitoring.

⚠ Operating cash flow remains lumpy: Q1 2026 Op CF of $107M vs. $255M in Q3 2025 — seasonality or collections timing is a recurring watch.

⚠ Revenue was flat at $596M in both Q2 and Q3 2025 before re-accelerating to $614M in Q1 2026 — sustaining growth momentum is key.

AI Insight: TYL Ratio Trends

Tyler Technologies has eliminated net debt and driven ROIC to 11.2% in Q1 2026, the highest level in the observable period.

• ROIC surged from 7.0% in Q4 2025 to 11.2% in Q1 2026, the strongest reading across all reported quarters.

• D/E ratio fell from 0.19 in Q2 2024 to 0.00 in Q1 2026, signaling full repayment of reported net debt.

• Operating margin has trended from 14.4% in Q2 2024 to 16.3% in Q1 2026, despite recurring Q4 seasonal dips.

• Q4 operating margin consistently compresses — 13.2% in Q4 2024 and 13.0% in Q4 2025 — versus mid-to-high teens in other quarters.

⚠ Q4 2025 ROIC dropped to 7.0%, the lowest quarterly reading; confirm whether Q4 compression is purely seasonal or structural.

⚠ NPM in Q1 2026 (13.2%) lags Q1 2025 (14.3%) despite higher operating margin — watch below-the-line items for pressure.

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Available Research

13F Pro tracks comprehensive data for TYLER TECHNOLOGIES INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of TYL

BlackRock, Inc.
$1.5B4,341,012 sh
VANGUARD CAPITAL MANAGEMENT LLC
$955.4M2,790,428 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$824.2M2,407,398 sh
MORGAN STANLEY
$663.2M1,936,997 sh
STATE STREET CORP
$662.6M1,935,372 sh
PRINCIPAL FINANCIAL GROUP INC
$597.7M1,745,625 sh
GEODE CAPITAL MANAGEMENT, LLC
$435.1M1,269,971 sh
Invesco Ltd.
$293.4M857,041 sh
APG Asset Management N.V.
$279.3M939,990 sh
Artisan Partners Limited Partnership
$181.6M530,353 sh

Fund	Value	Shares
BlackRock, Inc.	$1.5B	4,341,012
VANGUARD CAPITAL MANAGEMENT LLC	$955.4M	2,790,428
VANGUARD PORTFOLIO MANAGEMENT LLC	$824.2M	2,407,398
MORGAN STANLEY	$663.2M	1,936,997
STATE STREET CORP	$662.6M	1,935,372
PRINCIPAL FINANCIAL GROUP INC	$597.7M	1,745,625
GEODE CAPITAL MANAGEMENT, LLC	$435.1M	1,269,971
Invesco Ltd.	$293.4M	857,041
APG Asset Management N.V.	$279.3M	939,990
Artisan Partners Limited Partnership	$181.6M	530,353

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Is TYL a good stock to buy?

13F Pro's AI-powered analysis of TYLER TECHNOLOGIES INC (TYL) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for TYL are available on the TYL stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own TYL?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling TYL. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of TYLER TECHNOLOGIES INC's investment landscape.