Tyler Technologies, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.33B | $2.14B | $1.95B | $1.85B | $1.59B | $1.12B | $1.09B | $935.3M |
| Cost of Revenue | $1.25B | $1.20B | $1.09B | $1.07B | $882.6M | $574.2M | $569.5M | $495.7M |
| Gross Profit | $1.08B | $935.8M | $861.1M | $783.9M | $709.6M | $542.5M | $516.9M | $439.6M |
| Gross Margin | 46.5% | 43.8% | 44.1% | 42.4% | 44.6% | 48.6% | 47.6% | 47.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $316.4M | $300.9M | $308.6M | $267.3M | $390.6M | $259.6M | $257.7M | $207.6M |
| Operating Income | $357.7M | $299.5M | $218.5M | $214.2M | $180.7M | $172.9M | $156.4M | $152.5M |
| Operating Margin | 15.3% | 14.0% | 11.2% | 11.6% | 11.4% | 15.5% | 14.4% | 16.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $390.3M | $308.2M | $198.2M | $187.6M | $159.0M | $175.0M | $159.8M | $155.9M |
| Income Tax Expense | $74.7M | $45.1M | $32.3M | $23.4M | $-2.5M | $-19.8M | $13.3M | $8.4M |
| Net Income | $315.6M | $263.0M | $165.9M | $164.2M | $161.5M | $194.8M | $146.5M | $147.5M |
| Net Margin | 13.5% | 12.3% | 8.5% | 8.9% | 10.1% | 17.4% | 13.5% | 15.8% |
| EPS (Basic) | $7.32 | $6.17 | $3.95 | $3.95 | $3.95 | $4.87 | $3.79 | $3.84 |
| EPS (Diluted) | $7.20 | $6.05 | $3.88 | $3.87 | $3.82 | $4.69 | $3.65 | $3.68 |
| Shares Outstanding (Basic) | 43.1M | 42.6M | 42.0M | 41.5M | 40.8M | 40.0M | 38.6M | 38.4M |
| Shares Outstanding (Diluted) | 43.8M | 43.5M | 42.8M | 42.4M | 42.2M | 41.5M | 40.1M | 40.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |