On October 28, 2026, Tyler Technologies, Inc. (NYSE: TYL) reported financial results for the third quarter ended September 30, 2026. The company announced total revenues of $647.6 million for the quarter, representing an 8.7% increase compared to the same period in 2025.
Recurring revenues reached $568.8 million, up 11.0%, and comprised 87.8% of total revenues. Subscription revenues increased 15.3% to $462.6 million, driven by Software as a Service (SaaS) revenues growing 21.2% to $242.2 million. Transaction revenues grew 9.5% to $220.4 million. The company reported an Annualized Recurring Revenue (ARR) of $2.28 billion, up 11.0%.
On the earnings side, GAAP operating income was $117.0 million, up 19.5%, while non-GAAP operating income was $182.1 million, up 14.8%. GAAP net income was $95.1 million, or $2.33 per diluted share, up 12.7%. Non-GAAP net income was $143.4 million, or $3.52 per diluted share, up 10.0%. Adjusted EBITDA was $192.7 million, up 13.4%.
Cash flow metrics also showed significant improvement. Cash flows from operations were $282.5 million, up 10.7%. Free cash flow reached a quarterly record of $277.0 million, up 11.9%.
During the quarter, the company completed the acquisition of CODY Systems for approximately $27.7 million in cash. Additionally, Tyler Technologies repurchased 1,148,389 shares of its common stock during the quarter for approximately $379 million. As of October 28, 2026, the company provided full-year 2026 guidance, projecting total revenues between $2.535 billion and $2.565 billion.
