Filing Flows › Tyler Technologies (TYL) › Q3 2025
Tyler Technologies (TYL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Tyler Technologies (TYL) reported revenue of $596M for the third quarter 2025 (Q3 2025), +10% from a year earlier and 0% from the quarter before. Operating margin was 16.4%, net earnings $84.4M (14.2% of revenue).
Tyler Technologies, Q3 2025: revenue $596M (+10% year over year), operating margin 16.4%, net earnings $84.4M, operating cash flow $255M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $596M | 0% | +10% |
| Gross profit | $281M | +3% | +19% |
| Operating profit | $97.9M | +2% | +18% |
| Net earnings | $84.4M | -0.3% | +11% |
| Operating cash flow | $255M | +160% | -3% |
| Free cash flow | $248M | — | — |
What changed
Revenue was $595.9M in Q3 2025, up 10% year over year and roughly flat from the previous quarter. Subscription and Circulation was the largest line at 67% of revenue. Subscription and Circulation added $53.9M year over year (up 16%), 103% of the total change. Software licenses and royalties declined 18%.
Gross margin was 47.2%, up 3.5 points from a year earlier. Operating profit was $97.9M, a 16.4% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 29% reached operating profit, above the 15% margin then. Operating expenses grew 19% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+50%). Net earnings were $84.4M, up 11% year over year. The effective tax rate was 21.5%.
Operating cash flow was $255.2M (down 3% year over year), 302% of net earnings. Non-cash charges added back $35.0M of depreciation and amortization and $36.7M of share-based compensation. Working capital and other items added $99.1M. After additions to property and equipment ($3.9M) and investment in software development ($3.7M), free cash flow as the company reports it was $247.6M.
Questions
What was Tyler Technologies' revenue in the third quarter 2025?
Tyler Technologies (TYL) reported revenue of $596M for the third quarter 2025 (Q3 2025), +10% from a year earlier and 0% from the quarter before.
Was Tyler Technologies profitable in the third quarter 2025?
Operating profit was $97.9M (16.4% of revenue) and net earnings $84.4M.
Source: Tyler Technologies 10-Q on SEC EDGAR.