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How Tyler Technologies (TYL) makes money
Tyler Technologies (TYL) made $648M of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Subscription and Circulation brought in $463M (71%); Maintenance brought in $106M (16%); Professional services brought in $63.0M (10%). Of every dollar of revenue, 49¢ was left as gross profit, 18¢ was left as operating profit, 15¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Subscription and Circulation | $463M | 71.4% | +2% | +15% |
| Maintenance | $106M | 16.4% | +0.4% | -5% |
| Professional services | $63.0M | 9.7% | -0.3% | -3% |
| Other | $15.8M | 2.4% | -30% | -16% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $648M | 100.0% |
| Cost of revenue | $329M | 50.9% |
| Gross profit | $318M | 49.1% |
| Operating expenses | $201M | 31.1% |
| Operating profit | $117M | 18.1% |
| Income tax | $26.1M | 4.0% |
| Net earnings | $95.1M | 14.7% |
| Operating cash flow | $282M | 43.6% |
| Free cash flow | $277M | 42.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $648M | +9% |
| Q2 2026 | $645M | +8% |
| Q1 2026 | $614M | +9% |
| Q4 2025 | $575M | +6% |
| Q3 2025 | $596M | +10% |
| Q2 2025 | $596M | +10% |
| Q1 2025 | $565M | +10% |
From Tyler Technologies' 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does Tyler Technologies make money?
Tyler Technologies (TYL) made $648M of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Subscription and Circulation brought in $463M (71%); Maintenance brought in $106M (16%); Professional services brought in $63.0M (10%). Of every dollar of revenue, 49¢ was left as gross profit, 18¢ was left as operating profit, 15¢ was left as net earnings.
What is Tyler Technologies' biggest business?
Subscription and Circulation: $463M in the third quarter 2026, 71% of revenue, +15% from a year earlier.
What is Tyler Technologies' profit margin?
Net earnings were $95.1M, 14.7% of revenue, in the third quarter 2026; the operating margin was 18.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.