Analyst Consensus ?
ConsensusBuy35 ratings
Bullish2571.4%
Neutral1028.6%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Tyler Technologies, Inc. · TYL · FY2026 Q3 · Calendar Q4 2026
Tyler maintains guidance as SaaS growth and AI adoption advance
Tyler's Q3 supports a constructive long-term software transition story: recurring revenue and SaaS growth remained strong, Cloud Living expanded, and AI adoption broadened. The main qualification is that organic SaaS growth is decelerating and the timing of large deals can shift revenue recognition.
Reported After market closeNYSETechnology
$14.78B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$3.52
Consensus $3.48
EPS surprise
+1.1%
Reported versus consensus
Reported revenue
$647.6M
Consensus $651.5M
Revenue surprise
-0.6%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+3.6%
Event window
SPY move
-0.4%
Same window
Abnormal move
+4.0%
Stock minus SPY
Volume
2.7×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
TYLSPY benchmark
Ask FN2 about TYL FY2026 Q3
Transcript, numbers and history already loaded
Why did TYL rise 3.6% after beating EPS estimates in FY2026 Q3?What changed in TYL's guidance and outlook in FY2026 Q3?Give me the bull and bear case for TYL after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management highlighted the first multi-tenant Cloud Living implementation for an existing enterprise ERP client and approximately 300 AI-enabled deals in the quarter. It also described transaction-funded offerings that are recorded in transaction revenue rather than SaaS revenue, while noting that large SaaS deal timing pushed some revenue recognition later in the year.
Guidance delta
Full-year EPS guidance was unchanged; management maintained its outlook despite slower timing for some large SaaS deals.
Key takeaways
- Recurring revenue grew 11% year over year, SaaS revenue rose 21.2%, and free cash flow reached a record $277 million.
- Cloud Living multi-tenant deployments and SaaS flips remain central to the longer-term growth plan.
- AI adoption expanded to approximately 300 deals, with embedded solutions generally producing a single-digit revenue uplift per deal.
- Management continued share repurchases, with $1.4 billion remaining authorized, alongside selective tuck-in acquisitions.
- Transaction-funded offerings add revenue potential but are reported outside SaaS revenue and may be more variable.
Management priorities
- Scale Cloud Living deployments and accelerate SaaS flips into early 2027.
- Expand AI agentic solutions, targeting 25 agents by year-end.
- Invest in sales and marketing capabilities for 2027.
- Balance share repurchases with selective tuck-in acquisitions and develop transaction-funded offerings.
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Miss
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Analyst 52W Price Targets
$373.93Current
$340Low
$457.42Average
$550High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 30, 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 |
|---|---|---|---|---|
| Needham | Buy | Buy | Maintain | Oct 27, 2026 |
| DA Davidson | Buy | Buy | Maintain | Oct 27, 2026 |
| TD Cowen | Buy | Buy | Maintain | Oct 26, 2026 |
| Wells Fargo | Overweight | Equal Weight | Upgrade | Oct 12, 2026 |
| Goldman Sachs | Neutral | Buy | Downgrade | Oct 8, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Sep 28, 2026 |
| BTIG | Buy | Buy | Maintain | Sep 24, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jun 23, 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 |
| Stifel | Buy | Buy | Maintain | Feb 13, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Feb 13, 2026 |
| Baird | Outperform | Outperform | Maintain | Apr 25, 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 $373.93. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Needham | Scott Berg | $500 | $386.38 | +33.7% | Oct 27, 2026 |
| Wells Fargo | Analyst unavailable | $400 | $329.55 | +7.0% | Oct 12, 2026 |
| Goldman Sachs | Analyst unavailable | $345 | $332.34 | -7.7% | Oct 8, 2026 |
| Piper Sandler | Analyst unavailable | $450 | $325.57 | +20.3% | Sep 28, 2026 |
| UBS | Analyst unavailable | $395 | $309.6 | +5.6% | Aug 1, 2026 |
| Guggenheim | Analyst unavailable | $440 | $284.32 | +17.7% | Jul 22, 2026 |
| Stifel Nicolaus | Parker Lane | $400 | $308.92 | +7.0% | Jun 10, 2026 |
| Cantor Fitzgerald | Matthew VanVliet | $340 | $308.92 | -9.1% | Jun 10, 2026 |
| Barclays | Saket Kalia | $425 | $308.92 | +13.7% | Jun 10, 2026 |
| Truist Financial | Terry Tillman | $440 | $339.11 | +17.7% | May 1, 2026 |
| Robert W. Baird | Analyst unavailable | $455 | $339.56 | +21.7% | May 1, 2026 |
| Cantor Fitzgerald | Matthew VanVliet | $360 | $338.32 | -3.7% | May 1, 2026 |
| Barclays | Analyst unavailable | $420 | $341.14 | +12.3% | May 1, 2026 |
| BTIG | Analyst unavailable | $420 | $316.65 | +12.3% | Apr 10, 2026 |
| Goldman Sachs | Analyst unavailable | $420 | $303.71 | +12.3% | Feb 13, 2026 |
| Robert W. Baird | Analyst unavailable | $440 | $305.46 | +17.7% | Feb 13, 2026 |
| Cantor Fitzgerald | Matthew VanVliet | $325 | $304.14 | -13.1% | Feb 13, 2026 |
| Oppenheimer | Analyst unavailable | $450 | $300.14 | +20.3% | Feb 13, 2026 |
| Piper Sandler | Clarke Jeffries | $543 | $287.04 | +45.2% | Feb 13, 2026 |
| Barclays | Saket Kalia | $410 | $287.04 | +9.6% | Feb 13, 2026 |
| D.A. Davidson | Analyst unavailable | $460 | $360.51 | +23.0% | Feb 11, 2026 |
| BTIG | Analyst unavailable | $470 | $348.35 | +25.7% | Feb 9, 2026 |
| Oppenheimer | Ken Wong | $510 | $440.58 | +36.4% | Jan 23, 2026 |
| Piper Sandler | Clarke Jeffries | $671 | $446.46 | +79.4% | Jan 13, 2026 |
| Goldman Sachs | Analyst unavailable | $560 | $446.46 | +49.8% | Jan 13, 2026 |
| Wells Fargo | Michael Turrin | $470 | $448.23 | +25.7% | Jan 8, 2026 |
| Stifel Nicolaus | Analyst unavailable | $550 | $448.23 | +47.1% | Jan 7, 2026 |
| BTIG | Analyst unavailable | $560 | $450.11 | +49.8% | Dec 16, 2025 |
| D.A. Davidson | Peter Heckmann | $510 | $459.51 | +36.4% | Dec 9, 2025 |
| D.A. Davidson | Peter Heckmann | $540 | $481.69 | +44.4% | Oct 31, 2025 |
| Robert W. Baird | Analyst unavailable | $660 | $478.08 | +76.5% | Oct 31, 2025 |
| Truist Financial | Terry Tillman | $675 | $476.5 | +80.5% | Oct 31, 2025 |
| Oppenheimer | Ken Wong | $600 | $478.08 | +60.5% | Oct 30, 2025 |
| D.A. Davidson | Analyst unavailable | $560 | $504.04 | +49.8% | Oct 10, 2025 |
| D.A. Davidson | Analyst unavailable | $585 | $608.68 | +56.4% | Aug 5, 2025 |
| Cantor Fitzgerald | Matthew VanVliet | $600 | $574.01 | +60.5% | Jun 3, 2025 |
| Robert W. Baird | Analyst unavailable | $700 | $524.64 | +87.2% | Apr 25, 2025 |
| Barclays | Saket Kalia | $695 | $524.64 | +85.9% | Apr 25, 2025 |
| Wells Fargo | Michael Turrin | $615 | $563.54 | +64.5% | Jan 7, 2025 |
| Needham | Scott Berg | $700 | $586.77 | +87.2% | Oct 22, 2024 |
| D.A. Davidson | Peter Heckmann | $550 | $587.38 | +47.1% | Oct 17, 2024 |
| Truist Financial | Terry Tillman | $600 | $578.68 | +60.5% | Jul 26, 2024 |
| Piper Sandler | Clarke Jeffries | $625 | $564.34 | +67.1% | Jul 26, 2024 |
| Oppenheimer | Ken Wong | $625 | $564.34 | +67.1% | Jul 26, 2024 |
| D.A. Davidson | Peter Heckmann | $456 | $529.09 | +21.9% | Jul 22, 2024 |
| Truist Financial | Terry Tillman | $560 | $494.5 | +49.8% | May 23, 2024 |
| BTIG | Matthew VanVliet | $550 | $495.98 | +47.1% | May 22, 2024 |
| Wells Fargo | Michael Turrin | $550 | $495.98 | +47.1% | May 22, 2024 |
| Loop Capital Markets | Mark Schappel | $530 | $493.92 | +41.7% | May 21, 2024 |
| Needham | Scott Berg | $600 | $493.92 | +60.5% | May 21, 2024 |
| Oppenheimer | Ken Wong | $500 | $458.07 | +33.7% | Apr 25, 2024 |
| Needham | Joshua Reilly | $475 | $392.44 | +27.0% | Jun 16, 2023 |
| Barclays | Analyst unavailable | $350 | $313.76 | -6.4% | Jan 11, 2023 |
| Truist Financial | Terry Tillman | $500 | $324.19 | +33.7% | Jul 12, 2022 |
| Wells Fargo | Michael Turrin | $435 | $309.99 | +16.3% | Jun 14, 2022 |
| Wells Fargo | Analyst unavailable | $405 | $385.4 | +8.3% | Apr 25, 2022 |
| D.A. Davidson | Peter Heckmann | $440 | $494.39 | +17.7% | Jul 26, 2021 |
| RBC Capital | Matthew Hedberg | $500 | $413.17 | +33.7% | 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 |
|---|---|---|---|---|
| CTSH Cognizant Technology Solutions Corporation | FY2026 Q3 · Calendar Q4 2026 | — | -6.0% | Cognizant posts 4.8% growth as AI-led services expand |
| STM STMicroelectronics N.V. | FY2026 Q3 · Calendar Q4 2026 | — | +1.7% | STMicroelectronics raises FY2026 outlook as AI demand lifts Q3 |
| ASX ASE Technology Holding Co., Ltd. | FY2026 Q3 · Calendar Q4 2026 | — | -2.7% | ASE posts record Q3 as LEAP demand lifts mix and capex |
| GEN Gen Digital Inc. | FY2027 Q2 · Calendar Q4 2026 | +2.9% | +11.2% | Gen raises FY2027 outlook as AI security and partner growth accelerate |
| KLAC KLA Corporation | FY2027 Q1 · Calendar Q4 2026 | +2.5% | +7.3% | KLA posts record revenue as AI and advanced packaging demand accelerate |
Latest beats and misses
Who reports nextBeat on EPS
- EHCFY2026 Q3 · October 28, 2026+11.8% EPS+7.7% move
- AGIFY2026 Q3 · October 28, 20260.0% EPS-9.0% move
- ARFY2026 Q3 · October 28, 2026+22.3% EPS-2.2% move
- INVHFY2026 Q3 · October 28, 2026+49.5% EPS-0.4% move
- AEMFY2026 Q3 · October 28, 2026+5.7% EPS-3.9% move
- ORLYFY2026 Q3 · October 28, 2026+4.3% EPS-2.7% 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 · 2026-10-29T18:08:14.872672+00:00
- FN2 earnings calendar · 2026-10-29T01:23:20.584741+00:00
- Polygon adjusted daily market bars · 2026-10-30T00:40:46.415859+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-30T00:40:46.413123+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 2026-10-30. For educational purposes only; not investment advice.