Tyler 10-Q Details Q3 EPS of $2.33 as Revenue Misses and Buybacks Top $1.1B
TYL sits 24% above its 52-week low of $270.71.
Summary
Tyler's Q3 10-Q confirms the revenue miss already reported today ($647.6M vs $651.6M consensus) but shows margin expansion, $2.33 diluted EPS, and $514.1M of nine-month operating cash flow after heavy buybacks and a $1.44B convertible refinancing.
Key Events · Earnings and Guidance · TYL
-
Q3 Revenue Misses, Margins Expand
Revenue rose 8.7% to $647.6M versus the $651.6M consensus, but gross margin improved to 49.1% from 47.2% and operating income grew to $117.0M from $97.9M.
-
Diluted EPS $2.33, Up 21%
Q3 net income was $95.1M, or $2.33 diluted per share, versus $84.4M and $1.93 a year earlier; nine-month diluted EPS was $6.51.
-
Convertible Refinancing Reshapes Balance Sheet
The $600M 0.25% 2026 notes were repaid in cash in March, replaced by $1.44B of 0.50% notes due 2031; cash fell to $788.2M from $1,015.4M at year-end.
-
Buybacks Consume $1.144B Year to Date
Tyler repurchased about 3.6M shares for $1.144B including excise taxes over nine months, leaving $1.334B of authorization as of October 28, 2026.
Analysis · TYL · Technology
With the headline Q3 numbers already out today via 8-K and Reuters, the 10-Q's value lies in the detail behind them. Revenue rose 8.7% to $647.6M but fell short of the $651.6M consensus, while the higher-margin mix showed through: gross margin improved to 49.1% from 47.2% and operating income rose to $117.0M from $97.9M. Diluted EPS of $2.33 was up from $1.93 a year ago. The balance sheet is where the story shifts — cash fell to $788.2M from $1,015.4M at year-end after the company repaid $600M of 2026 converts in cash, issued $1.44B of 0.50% notes due 2031, spent $187.2M on capped calls, and bought back roughly 3.6M shares for $1.144B over nine months. That leaves $1.334B of repurchase authorization, a real support for the share count but also the reason equity dropped to $2.79B from $3.70B. Nine-month operating cash flow of $514.1M versus $409.7M a year ago shows the core business is still generating cash even as the revenue line decelerates.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.7% of the 1698 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TYL was trading at $336.22 on NYSE in the Technology sector, with a market capitalization of approximately $14.8B. The 52-week trading range was $270.71 to $513.32. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.