Tyler Tech revenue +8.2%, operating income flat; $755M buyback funded by $1.44B convertible notes

Filed July 29, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 30, 2025 · ~2 min read

Key Changes

• high

  Issued $1.44B convertible notes (0.50%, due 2031) and repaid $600M maturing notes; deployed $321M of proceeds to buyback, spent $755M total on repurchases in H1 2026, leaving up to $1.75B authorization.

  MD&A: Capital Structure & Notes verify on EDGAR →
• high

  Revenue grew 8.2% YoY to $645.1M, decelerating from 10% prior year; subscriptions growth slowed to 12.0% from 21.4% as state payment contract wind-down cut transaction fees $12.5M in Q2.

  MD&A: Revenue & Key Financials verify on EDGAR →
• high

  Operating income flat at $95.1M (-1% YoY) despite revenue growth; G&A expense surged 22% on $7.1M litigation fees, $3.3M higher stock comp, and $2.3M acquisition/restructuring costs.

  MD&A: Operating Expenses verify on EDGAR →