Tyler Technologies, Inc.

TYLNYSETechnology● Active

$306.23

$-5.84(-1.87%)

Market Cap$12.9B

P/E Ratio—

52W High$621.34

52W Low$283.72

Avg Volume599K

Open$307.33

Beta0.81

Free Cash Flow Financials Revenue

Tyler Technologies, Inc. (TYL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TYL · free cash flow · updated Jun 8, 2026

Core FCF metrics

TYL · FCF · TTM · margin & CAGR

Free cash flow was $637.5M for FY2025 (fiscal year ending 2025-12-31), up 5.5% year-over-year The FCF margin was 27.3%. Five-year CAGR stands at +14.3%.

FY2025 Free Cash Flow$637.5M▲ +5.5% YoY

Trailing 12M (TTM)$687.7Mtrailing 4 quarters sum

FCF Margin27.3%$637.5M ÷ revenue

3-Year CAGR+24.4%FY2022 → FY2025

5-Year CAGR+14.3%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

TYL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$653.5M(16M)$637.5M▲ +5.5%27.3%

FY2024$624.6M(21M)$604.1M▲ +84.5%28.3%

FY2023$380.4M(53M)$327.4M▼ 1.2%16.8%

FY2022$381.5M(50M)$331.3M▲ +4.8%17.9%

FY2021$371.8M(56M)$316.1M▼ 3.2%19.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

TYL · P/FCF · FCF yield · FCF per share

Tyler Technologies, Inc. (TYL) trades at a FCF yield of 5.31% and a price-to-free-cash-flow ratio of 19.2x. FCF per share stands at $15.96, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.31%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$15.96

TTM FCF ÷ Shares Outstanding

Price / FCF

x19.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x18.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

TYL · cash flow statement · operating / investing / financing

For FY2025, Tyler Technologies, Inc. generated $653.5M in operating cash flow and spent 16M in capital expenditures, yielding $637.5M in free cash flow.

Operating Activities

+$653.5M

Cash from core business operations

2025-12-31

Investing Activities

−$222.5M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$160.4M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($653.5M) − |CapEx| (16M) = FCF ($637.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

TYL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Tyler Technologies, Inc.YOU

TYL

$637.5M+5.5%27.3%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Tyler Technologies, Inc. (TYL) reported free cash flow of $637.5M for FY2025 (fiscal year ending 2025-12-31), up 5.5% year-over-year. The FCF margin was 27.3%.

Based on available data, Tyler Technologies, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $637.5M in FY2025. The 5-year CAGR stands at +14.3%.

Tyler Technologies, Inc.'s FCF yield is 5.31% and price-to-FCF ratio is 19.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

TYL free cash flow · 8 questions

Tyler Technologies, Inc. free cash flow was $637.5M for FY2025, up 5.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $687.7M.

TYL free cash flowTYL FCFTYL FCF 2025TYL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Tyler Technologies, Inc. · Tyler Technologies, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026