Filing Flows › Tyler Technologies (TYL) › Q2 2025
Tyler Technologies (TYL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Tyler Technologies (TYL) reported revenue of $596M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +5% from the quarter before. Operating margin was 16.0%, net earnings $84.6M (14.2% of revenue).
Tyler Technologies, Q2 2025: revenue $596M (+10% year over year), operating margin 16.0%, net earnings $84.6M, operating cash flow $98.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $596M | +5% | +10% |
| Gross profit | $273M | +2% | +15% |
| Operating profit | $95.6M | +7% | +23% |
| Net earnings | $84.6M | +4% | +25% |
| Operating cash flow | $98.3M | +75% | +53% |
| Free cash flow | $88.0M | — | — |
What changed
Revenue was $596.1M in Q2 2025, up 10% year over year and up 5% from the previous quarter. Subscription and Circulation was the largest line at 68% of revenue. Subscription and Circulation added $71.4M year over year (up 21%), 129% of the total change. Software licenses and royalties declined 31%.
Gross margin was 45.8%, up 1.9 points from a year earlier. Operating profit was $95.6M, a 16.0% margin (up 1.6 points year over year). Of the extra revenue versus a year earlier, 32% reached operating profit, above the 14% margin then. Operating expenses grew 11% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+51%). Net earnings were $84.6M, up 25% year over year. The effective tax rate was 17.4%.
Operating cash flow was $98.3M (up 53% year over year), 116% of net earnings. Non-cash charges added back $34.3M of depreciation and amortization and $38.3M of share-based compensation. Working capital and other items used $58.9M. After additions to property and equipment ($5.5M) and investment in software development ($4.8M), free cash flow as the company reports it was $88.0M.
Questions
What was Tyler Technologies' revenue in the second quarter 2025?
Tyler Technologies (TYL) reported revenue of $596M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +5% from the quarter before.
Was Tyler Technologies profitable in the second quarter 2025?
Operating profit was $95.6M (16.0% of revenue) and net earnings $84.6M.
Source: Tyler Technologies 10-Q on SEC EDGAR.