Tyler Technologies reported second quarter 2026 revenue of $645.1 million and non-GAAP EPS of $3.08, slightly missing consensus estimates of $648.1 million and $3.09, respectively. The company also announced a new $1.5 billion share repurchase authorization.
Key Highlights
- SaaS revenues accelerated, growing 21.7% year-over-year to $230.6 million, marking the 22nd consecutive quarter of growth at or above 20% and beating analyst expectations.
- The Board of Directors approved a new share repurchase plan, authorizing the company to buy back up to an additional $1.5 billion of its common stock.
- Free cash flow for the quarter reached a second-quarter record of $118.5 million, an increase of 34.7% compared to the prior year.