Analyst Consensus ?
ConsensusBuy35 ratings
Bullish2571.4%
Neutral1028.6%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Tyler Technologies, Inc. · TYL · FY2025 Q4 · Calendar Q1 2026
Tyler Technologies: SaaS momentum offsets execution questions
The supplied analysis supports a constructive but qualified view: Tyler's SaaS momentum, cloud conversions, public-sector demand, AI rollout, and cash generation provide a credible growth framework, while booking duration, contract wind-down effects, deal concentration, R&D spending, and acquisition approval remain material tests.
Reported After market closeNYSETechnology
$13.33B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$2.64
Consensus $2.71
EPS surprise
-2.6%
Reported versus consensus
Reported revenue
$575.2M
Consensus $591.0M
Revenue surprise
-2.7%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-15.4%
Event window
SPY move
-1.5%
Same window
Abnormal move
-13.8%
Stock minus SPY
Volume
3.7×
Versus trailing sessions
Subsequent drift
+21.9%
Up to 20 sessions
TYLSPY benchmark
Ask FN2 about TYL FY2025 Q4
Transcript, numbers and history already loaded
Why did TYL fall 15.4% after missing EPS estimates in FY2025 Q4?What changed in TYL's guidance and outlook in FY2025 Q4?Give me the bull and bear case for TYL after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis shifts the focus from broad cloud and AI execution to the durability of SaaS growth and the quality of forward visibility. It adds 2026 guidance, a $1 billion repurchase authorization, the planned For The Record acquisition, and expanded AI initiatives, while keeping the Texas payments transition and booking-duration questions in view.
Guidance delta
Management maintained guidance; the supplied analysis cites 2026 revenue guidance of $2.5-$2.55 billion, SaaS growth of 20.5%-22.5%, and transaction revenue growth of 5%-7%.
Key takeaways
- Recurring revenue growth was led by SaaS and transaction revenue, while public-sector demand and on-premises-to-SaaS flips remained central to the outlook.
- Management highlighted AI product expansion, including the resident assistant and planned agentic AI early access, alongside the pending For The Record acquisition.
- The main watchpoints are the Texas payments contract wind-down, booking duration, deal-size concentration, R&D investment, and public-sector budget exposure.
Management priorities
- Continue on-premises-to-SaaS conversions and expand associated revenue.
- Scale AI offerings, including the resident assistant and agentic AI capabilities.
- Advance unified payment services, the For The Record acquisition, and the authorized share repurchase program.
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Miss
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Analyst 52W Price Targets
$324.02Current
$340Low
$469.91Average
$700High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 28, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| BTIG | Buy | Buy | Maintain | Sep 24, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Jul 31, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jul 27, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jun 23, 2026 |
| DA Davidson | Buy | Buy | Maintain | Jun 10, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jun 10, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | May 1, 2026 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | May 1, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | Apr 28, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Feb 13, 2026 |
| Stifel | Buy | Buy | Maintain | Feb 13, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Feb 13, 2026 |
| Needham | Buy | Buy | Maintain | Feb 13, 2026 |
| Baird | Outperform | Outperform | Maintain | Apr 25, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Feb 18, 2025 |
| Truist Securities | Buy | Buy | Maintain | Feb 14, 2025 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Oct 25, 2024 |
| Loop Capital | Buy | Buy | Maintain | May 21, 2024 |
| Credit Suisse | Neutral | Neutral | Maintain | May 1, 2023 |
| Wolfe Research | Outperform | Outperform | Maintain | Apr 28, 2023 |
| Northcoast Research | Buy | Neutral | Upgrade | Mar 11, 2021 |
| RBC Capital | Outperform | Outperform | Maintain | Jun 18, 2020 |
| Benchmark | Buy | Buy | Maintain | Aug 2, 2019 |
| B. Riley Securities | Neutral | Neutral | Maintain | Jul 30, 2018 |
| B. Riley FBR | Neutral | Neutral | Maintain | Jul 30, 2018 |
| Keybanc | Overweight | Downgrade | Oct 17, 2017 | |
| Citigroup | Buy | Buy | Maintain | Sep 22, 2017 |
| PiperJaffray | Overweight | Overweight | Maintain | Jul 26, 2016 |
| Pacific Crest | Overweight | Overweight | Maintain | Jun 20, 2016 |
| Maxim Group | Buy | Buy | Maintain | Apr 28, 2016 |
| Avondale Partners | Perform | Market Perform | Maintain | Apr 14, 2016 |
| Dougherty & Co. | Neutral | Buy | Downgrade | May 30, 2014 |
| Dougherty | Neutral | Buy | Downgrade | May 30, 2014 |
| Sidoti & Co. | Neutral | Buy | Downgrade | Jul 25, 2013 |
| Thinkequity | Buy | Buy | Maintain | Oct 2, 2012 |
| Northland Securities | Outperform | Outperform | Maintain | Sep 27, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $324.02. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $395 | $309.6 | +21.9% | Aug 1, 2026 |
| Guggenheim | Analyst unavailable | $440 | $284.32 | +35.8% | Jul 22, 2026 |
| Stifel Nicolaus | Parker Lane | $400 | $308.92 | +23.4% | Jun 10, 2026 |
| Cantor Fitzgerald | Matthew VanVliet | $340 | $308.92 | +4.9% | Jun 10, 2026 |
| Barclays | Saket Kalia | $425 | $308.92 | +31.2% | Jun 10, 2026 |
| Truist Financial | Terry Tillman | $440 | $339.11 | +35.8% | May 1, 2026 |
| Robert W. Baird | Analyst unavailable | $455 | $339.56 | +40.4% | May 1, 2026 |
| Cantor Fitzgerald | Matthew VanVliet | $360 | $338.32 | +11.1% | May 1, 2026 |
| Barclays | Analyst unavailable | $420 | $341.14 | +29.6% | May 1, 2026 |
| BTIG | Analyst unavailable | $420 | $316.65 | +29.6% | Apr 10, 2026 |
| Goldman Sachs | Analyst unavailable | $420 | $303.71 | +29.6% | Feb 13, 2026 |
| Robert W. Baird | Analyst unavailable | $440 | $305.46 | +35.8% | Feb 13, 2026 |
| Cantor Fitzgerald | Matthew VanVliet | $325 | $304.14 | +0.3% | Feb 13, 2026 |
| Oppenheimer | Analyst unavailable | $450 | $300.14 | +38.9% | Feb 13, 2026 |
| Piper Sandler | Clarke Jeffries | $543 | $287.04 | +67.6% | Feb 13, 2026 |
| Barclays | Saket Kalia | $410 | $287.04 | +26.5% | Feb 13, 2026 |
| D.A. Davidson | Analyst unavailable | $460 | $360.51 | +42.0% | Feb 11, 2026 |
| BTIG | Analyst unavailable | $470 | $348.35 | +45.1% | Feb 9, 2026 |
| Oppenheimer | Ken Wong | $510 | $440.58 | +57.4% | Jan 23, 2026 |
| Piper Sandler | Clarke Jeffries | $671 | $446.46 | +107.1% | Jan 13, 2026 |
| Goldman Sachs | Analyst unavailable | $560 | $446.46 | +72.8% | Jan 13, 2026 |
| Wells Fargo | Michael Turrin | $470 | $448.23 | +45.1% | Jan 8, 2026 |
| Stifel Nicolaus | Analyst unavailable | $550 | $448.23 | +69.7% | Jan 7, 2026 |
| BTIG | Analyst unavailable | $560 | $450.11 | +72.8% | Dec 16, 2025 |
| D.A. Davidson | Peter Heckmann | $510 | $459.51 | +57.4% | Dec 9, 2025 |
| D.A. Davidson | Peter Heckmann | $540 | $481.69 | +66.7% | Oct 31, 2025 |
| Robert W. Baird | Analyst unavailable | $660 | $478.08 | +103.7% | Oct 31, 2025 |
| Truist Financial | Terry Tillman | $675 | $476.5 | +108.3% | Oct 31, 2025 |
| Oppenheimer | Ken Wong | $600 | $478.08 | +85.2% | Oct 30, 2025 |
| D.A. Davidson | Analyst unavailable | $560 | $504.04 | +72.8% | Oct 10, 2025 |
| D.A. Davidson | Analyst unavailable | $585 | $608.68 | +80.5% | Aug 5, 2025 |
| Cantor Fitzgerald | Matthew VanVliet | $600 | $574.01 | +85.2% | Jun 3, 2025 |
| Robert W. Baird | Analyst unavailable | $700 | $524.64 | +116.0% | Apr 25, 2025 |
| Barclays | Saket Kalia | $695 | $524.64 | +114.5% | Apr 25, 2025 |
| Wells Fargo | Michael Turrin | $615 | $563.54 | +89.8% | Jan 7, 2025 |
| Needham | Scott Berg | $700 | $586.77 | +116.0% | Oct 22, 2024 |
| D.A. Davidson | Peter Heckmann | $550 | $587.38 | +69.7% | Oct 17, 2024 |
| Truist Financial | Terry Tillman | $600 | $578.68 | +85.2% | Jul 26, 2024 |
| Piper Sandler | Clarke Jeffries | $625 | $564.34 | +92.9% | Jul 26, 2024 |
| Oppenheimer | Ken Wong | $625 | $564.34 | +92.9% | Jul 26, 2024 |
| D.A. Davidson | Peter Heckmann | $456 | $529.09 | +40.7% | Jul 22, 2024 |
| Truist Financial | Terry Tillman | $560 | $494.5 | +72.8% | May 23, 2024 |
| BTIG | Matthew VanVliet | $550 | $495.98 | +69.7% | May 22, 2024 |
| Wells Fargo | Michael Turrin | $550 | $495.98 | +69.7% | May 22, 2024 |
| Loop Capital Markets | Mark Schappel | $530 | $493.92 | +63.6% | May 21, 2024 |
| Needham | Scott Berg | $600 | $493.92 | +85.2% | May 21, 2024 |
| Oppenheimer | Ken Wong | $500 | $458.07 | +54.3% | Apr 25, 2024 |
| Needham | Joshua Reilly | $475 | $392.44 | +46.6% | Jun 16, 2023 |
| Barclays | Analyst unavailable | $350 | $313.76 | +8.0% | Jan 11, 2023 |
| Truist Financial | Terry Tillman | $500 | $324.19 | +54.3% | Jul 12, 2022 |
| Wells Fargo | Michael Turrin | $435 | $309.99 | +34.3% | Jun 14, 2022 |
| Wells Fargo | Analyst unavailable | $405 | $385.4 | +25.0% | Apr 25, 2022 |
| D.A. Davidson | Peter Heckmann | $440 | $494.39 | +35.8% | Jul 26, 2021 |
| RBC Capital | Matthew Hedberg | $500 | $413.17 | +54.3% | Jun 8, 2021 |
Track every rating change on TYL the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationTyler Technologies, Inc. specializes in delivering comprehensive information management solutions and services tailored for the public sector. Its operations are organized into three primary divisions: Enterprise Software, Appraisal and Tax, and NIC. The company's extensive product portfolio encompasses financial management tools, such as modular fund accounting systems designed for government bodies and non-profit organizations, as well as utility billing platforms for managing both metered and unmetered services. Additionally, Tyler offers solutions that automate a wide array of municipal and county operations, ranging from municipal court and parking ticket administration to animal and business licensing, permits and inspections, code enforcement, citizen complaint resolution, ambulance billing, fleet maintenance, and cemetery records management. Educational institutions, particularly K-12 schools, benefit from their specialized student information and transportation management systems.…
Historical context
All TYL earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
| SAIL SailPoint, Inc. | FY2027 Q2 · Calendar Q3 2026 | +13.8% | -1.2% | SailPoint pairs 25% ARR growth with accelerating AI-driven adoption |
| CIEN Ciena Corporation | FY2026 Q3 · Calendar Q3 2026 | +22.0% | -10.4% | Ciena raises outlook as AI networking demand lifts backlog |
| DOCU DocuSign, Inc. | FY2027 Q2 · Calendar Q3 2026 | +6.4% | +3.7% | DocuSign Q2 FY27: IAM momentum supports a raised outlook |
Latest beats and misses
Who reports nextBeat on EPS
- SNXFY2026 Q3 · September 24, 2026+20.9% EPS-9.9% move
- DRIFY2027 Q1 · September 24, 20260.0% EPS-3.0% move
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
Get the TYL recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-28T19:31:01.089603+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-28T19:31:01.086898+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-28. For educational purposes only; not investment advice.