Filing Flows › Tyler Technologies (TYL) › Q1 2026
Tyler Technologies (TYL) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Tyler Technologies (TYL) reported revenue of $614M for the first quarter 2026 (Q1 2026), +9% from a year earlier and +7% from the quarter before. Operating margin was 16.3%, net earnings $81.2M (13.2% of revenue).
Tyler Technologies, Q1 2026: revenue $614M (+9% year over year), operating margin 16.3%, net earnings $81.2M, operating cash flow $107M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $614M | +7% | +9% |
| Gross profit | $296M | +13% | +11% |
| Operating profit | $99.8M | +33% | +12% |
| Net earnings | $81.2M | +24% | +0.2% |
| Operating cash flow | $107M | -56% | +91% |
| Free cash flow | $103M | — | — |
What changed
Revenue was $613.5M in Q1 2026, up 9% year over year and up 7% from the previous quarter. Subscription and Circulation was the largest line at 70% of revenue. Subscription and Circulation added $54.8M year over year (up 15%), 113% of the total change. Professional services declined 5%.
Gross margin was 48.3%, up 1.1 points from Q1 2025. Operating profit was $99.8M, a 16.3% margin (up 0.5 points year over year). Of the extra revenue versus Q1 2025, 22% reached operating profit, above the 16% margin then. Operating expenses grew 11% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $81.2M, roughly flat year over year. The effective tax rate was 23.7%.
Operating cash flow was $107.3M (up 91% year over year), 132% of net earnings. Non-cash charges added back $38.9M of depreciation and amortization and $37.2M of share-based compensation. Working capital and other items used $50.0M. After additions to property and equipment ($3.2M) and investment in software development ($1.3M), free cash flow as the company reports it was $102.8M.
Questions
What was Tyler Technologies' revenue in the first quarter 2026?
Tyler Technologies (TYL) reported revenue of $614M for the first quarter 2026 (Q1 2026), +9% from a year earlier and +7% from the quarter before.
Was Tyler Technologies profitable in the first quarter 2026?
Operating profit was $99.8M (16.3% of revenue) and net earnings $81.2M.
Source: Tyler Technologies 10-Q on SEC EDGAR.