Quarterly ResultJul 29, 2026, 04:38 PM
Tyler Authorizes $1.5B Buyback; Q2 Revenue $645.1M, EPS $2.23
AI Summary
Tyler Technologies reported strong second-quarter 2026 financial results, highlighted by a 21.7% increase in SaaS revenues and a 34.7% rise in free cash flow. The company's board also approved a new share repurchase plan authorizing up to $1.5 billion of its Class A Common Stock, reflecting confidence in its long-term strategy and perceived undervaluation of its shares. Additionally, Tyler completed the acquisition of For The Record for $213 million and issued $1.4 billion in convertible senior notes.
Key Highlights
- Board authorized a new share repurchase plan of up to $1.5 billion.
- Q2 total revenues grew 8.2% to $645.1 million.
- SaaS revenues increased 21.7% to $230.6 million.
- GAAP diluted EPS was $2.23, up 10.5% year-over-year.
- Non-GAAP diluted EPS was $3.08, up 0.9% year-over-year.
- Free cash flow rose 34.7% to $118.5 million.
- Acquired For The Record for approximately $213 million in cash.
- Issued $1.4 billion in 0.50% convertible senior notes due 2031.
- Full-year 2026 revenue guidance set at $2.535 billion to $2.575 billion.
Price Impact
More from TYL