EarningsQ2 2026 Earnings Report
MX:TYL Q2 2026 EPS Results
Actual EPS$55.94
Consensus EPS$55.46
Beat/MissBeat by +$0.47
One Year Ago EPS$54.74
MX:TYL Q2 2026 Revenue Results
Actual Revenue$11.72B
Expected Revenue$11.77B
Beat/MissMissed by -$51.78M
YoY Revenue Growth+8.22%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
MX:TYL Upcoming Earnings
Tyler Technologies's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:TYL Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple company records (SaaS bookings, total bookings, Q2 free cash flow), strong SaaS revenue growth (21.7%), transaction momentum (+~10% excluding Texas), strategic M&A (FTR) and active capital returns (>5.5% shares repurchased YTD). Management reiterated margin expansion (~100 bps midpoint), controlled hiring and confidence in long-term cloud and AI-driven growth, while noting timing lags for SaaS recognition, AI revenue still early, some one-time margin items and lumpy timing on large cloud flips. Overall the positive operational and financial progress and multiple records materially outweigh the execution and timing risks discussed.Company Guidance
Strong SaaS Revenue Growth
SaaS revenue grew 21.7% year-over-year in the quarter, driven by record SaaS bookings and increased cloud adoption efforts.
Record Bookings and Free Cash Flow
Company reported record quarterly SaaS bookings, record total bookings and a record second-quarter free cash flow; free cash flow benefited from approximately $30 million less cash taxes versus prior-year Q2.
Transaction Business Momentum
Transaction revenues (excluding the Texas contract) grew about 10%, driven by higher volumes, new logos and software sold under transaction-based arrangements; largest software deals this and prior quarter were transaction-funded.
New SaaS ACV / Flip ACV Acceleration
New SaaS ACV accelerated (~22% growth called out for New SaaS ACV) and trailing-12-month ACV from conversions showed strong performance, reflecting durable demand for flips and conversions.
Strategic M&A and Market Expansion
Acquisition of For The Record (FTR) completed and early post-close performance (including a ~$1.6M ARR Australia win and several other deals) validates M&A strategy and strengthens Courts & Justice leadership.
Capital Allocation / Buybacks
Company repurchased more than ~5.5% of shares year-to-date and completed a convertible debt offering to enhance financial flexibility; management signaled continued share repurchases given confidence in outlook.
Cloud and AI Strategy Progress
Management outlined incentives to accelerate cloud flips (including cloud-only AI features), resident AI assistant now adopted by 8 states, document automation and AP automation gaining traction, and expectation that AI revenue becomes meaningful in H2 2027 into 2028.
Margin Expansion Outlook
Management reiterated expectations for margin expansion through the year with guidance midpoint implying roughly 100 basis points of margin improvement, and hiring plans limited/controlled in second half.
Large Transaction Opportunity (DMV Digital Titling)
Statewide digital motor vehicle titling deal cited as a large software ARR win (~$10M ARR target for one state when fully mandated), with expected ramp profile starting at ~ $2M ARR early 2027 to $10M+ upon mandate in some states.
Product Wins & Cross-sell Examples
Notable competitive wins in Public Safety (e.g., Santa Cruz CA ~ $660k ARR for RMS and enforcement mobile) and cross-sell progress (Mississippi Department of Health ERP to Enterprise Health ~$700k ARR) demonstrate cross-selling traction.
MX:TYL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed